Clingan Steel Inc.

$1,259,492 PPP Loan in Elk Grove Village, Illinois

Loan Details

Loan Number
5011048207
Date Approved
Aug 7, 2020
Loan Status
Paid in Full
Initial Approval
$1,259,492
Current Approval
$1,259,492
Forgiveness Amount
$1,270,978
Forgiveness Date
Jul 9, 2021
Term
60 months
Draw
First Draw

Business Information

Business Name
Clingan Steel Inc.
Address
2525 Arthur Ave
ZIP Code
60007-6019
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (331221)
Business Age
Change of Ownership
Jobs Reported
90
Estimated Revenue
$23.6M
Rural/Urban
Urban
Congressional District
IL-03

Loan Use Breakdown

Payroll
$803,492
Rent
$206,000
Utilities
$25,000
Health Care
$225,000

Lender Information

Servicing Lender
Jpmorgan Chase Bank, National Association
Originating Lender
Jpmorgan Chase Bank, National Association

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