Induction Heat Treating Corporation

$643,400 PPP Loan in Crystal Lake, Illinois

Loan Details

Loan Number
5339867007
Date Approved
Apr 5, 2020
Loan Status
Paid in Full
Initial Approval
$643,400
Current Approval
$643,400
Forgiveness Amount
$651,282
Forgiveness Date
Jun 30, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Induction Heat Treating Corporation
Address
775 Tek Drive
ZIP Code
60014-8172
Business Type
Corporation
Industry (NAICS)
Manufacturing (332811)
Business Age
Existing or more than 2 years old
Jobs Reported
56
Estimated Revenue
$13.7M
Rural/Urban
Urban
Congressional District
IL-09

Loan Use Breakdown

Payroll
$643,400

Lender Information

Servicing Lender
American Community Bank & Trust
Originating Lender
American Community Bank & Trust

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