Gel INC

$4,560,100 PPP Loan in East Peoria, Illinois

Loan Details

Loan Number
4760227002
Date Approved
Apr 4, 2020
Loan Status
Paid in Full
Initial Approval
$4,560,100
Current Approval
$1,980,100
Forgiveness Amount
$1,998,816
Forgiveness Date
Mar 31, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Gel INC
Address
2101 N Main St
ZIP Code
61611-1737
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
214
Estimated Revenue
$70.4M
Rural/Urban
Urban
Congressional District
IL-16

Loan Use Breakdown

Payroll
$1,485,075
Rent
$495,025

Lender Information

Servicing Lender
Busey Bank
Originating Lender
Busey Bank

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