Rae Products & Chemicals Corp.

$129,600 PPP Loan in Alsip, Illinois

Loan Details

Loan Number
5538727003
Date Approved
Apr 5, 2020
Loan Status
Paid in Full
Initial Approval
$129,600
Current Approval
$129,672
Forgiveness Amount
$131,206
Forgiveness Date
Jun 16, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Rae Products & Chemicals Corp.
Address
11638 S. Mayfield Ave.
City
Alsip
ZIP Code
60803-6010
Business Type
Corporation
Industry (NAICS)
Wholesale Trade (424690)
Business Age
Existing or more than 2 years old
Jobs Reported
13
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
IL-06

Loan Use Breakdown

Payroll
$97,254
Rent
$16,209
Utilities
$16,209

Lender Information

Servicing Lender
Old Plank Trail Community Bank, National Association
Originating Lender
Old Plank Trail Community Bank, National Association

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