Fareva Morton Grove, Inc.

$3,235,000 PPP Loan in Morton Grove, Illinois

Loan Details

Loan Number
5336937401
Date Approved
May 12, 2020
Loan Status
Paid in Full
Initial Approval
$3,235,000
Current Approval
$3,235,000
Forgiveness Amount
$3,276,965
Forgiveness Date
Sep 2, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Fareva Morton Grove, Inc.
Address
6901 Golf Rd
ZIP Code
60053-1346
Business Type
Corporation
Industry (NAICS)
Manufacturing (325412)
Business Age
New Business or 2 years or less
Jobs Reported
231
Estimated Revenue
$229.1M
Rural/Urban
Urban
Congressional District
IL-09

Loan Use Breakdown

Payroll
$2,426,250
Rent
$485,250
Utilities
$323,500

Lender Information

Servicing Lender
Northbrook Bank & Trust Company, National Association
Originating Lender
Northbrook Bank & Trust Company, National Association

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