Towne Machine Tool Company

$245,900 PPP Loan in Danville, Illinois

Loan Details

Loan Number
5493738302
Date Approved
Jan 25, 2021
Loan Status
Paid in Full
Initial Approval
$245,900
Current Approval
$245,900
Forgiveness Amount
$246,808
Forgiveness Date
Jun 15, 2021
Term
60 months
Draw
Second Draw

Business Information

Business Name
Towne Machine Tool Company
Address
1009 Lynch Rd
ZIP Code
61834-5804
Business Type
Corporation
Industry (NAICS)
Manufacturing (332721)
Business Age
Existing or more than 2 years old
Jobs Reported
15
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
IL-02

Loan Use Breakdown

Payroll
$245,895
Utilities
$1

Lender Information

Servicing Lender
The Fisher National Bank
Originating Lender
The Fisher National Bank

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