Iconic Motors, Inc. DBA Elgin Volkswagen

$418,437 PPP Loan in Elgin, Illinois

Loan Details

Loan Number
5031698102
Date Approved
Jul 17, 2020
Loan Status
Paid in Full
Initial Approval
$418,437
Current Approval
$418,437
Forgiveness Amount
$423,121
Forgiveness Date
Aug 31, 2021
Term
60 months
Draw
First Draw

Business Information

Business Name
Iconic Motors, Inc. DBA Elgin Volkswagen
Address
2630 Auto Mall Dr
City
Elgin
ZIP Code
60123
Business Type
Corporation
Industry (NAICS)
Retail Trade (441110)
Franchise
Volkswagen Dealer Agreement
Business Age
New Business or 2 years or less
Jobs Reported
30
Estimated Revenue
$7.6M
Rural/Urban
Urban
Congressional District
IL-08

Loan Use Breakdown

Payroll
$418,437

Lender Information

Servicing Lender
Byline Bank
Originating Lender
Byline Bank

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