Norman Mechanical, Inc.

$3,163,300 PPP Loan in Elgin, Illinois

Loan Details

Loan Number
5489457008
Date Approved
Apr 5, 2020
Loan Status
Paid in Full
Initial Approval
$3,163,300
Current Approval
$3,163,300
Forgiveness Amount
$3,200,293
Forgiveness Date
Jun 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Norman Mechanical, Inc.
Address
1201 Gateway Dr
City
Elgin
ZIP Code
60124-7856
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (238220)
Business Age
Existing or more than 2 years old
Jobs Reported
140
Estimated Revenue
$44.3M
Rural/Urban
Urban
Congressional District
IL-08

Loan Use Breakdown

Payroll
$2,530,640
Rent
$316,330
Utilities
$158,165
Mortgage Interest
$158,165

Lender Information

Servicing Lender
Cornerstone National Bank & Trust Company
Originating Lender
Cornerstone National Bank & Trust Company

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