Midwest Transit Equipment, Inc.
$4,478,761 PPP Loan in Kankakee, Illinois
Loan Details
- Loan Number
- 5569037000
- Date Approved
- Apr 5, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $4,478,761
- Current Approval
- $4,478,761
- Forgiveness Amount
- $4,532,631
- Forgiveness Date
- Jun 22, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Midwest Transit Equipment, Inc.
- Address
- 146 W. Issert Dr.
- City
- Kankakee
- State
- Illinois
- ZIP Code
- 60901-7134
- Business Type
- Corporation
- Industry (NAICS)
- Transportation and Warehousing (485113)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 300
- Estimated Revenue
- $115.3M
- Rural/Urban
- Urban
- Congressional District
- IL-02
Loan Use Breakdown
- Payroll
- $4,078,761
- Utilities
- $100,000
- Health Care
- $200,000
- Mortgage Interest
- $100,000
Lender Information
- Servicing Lender
- Wintrust Bank, National Association
- Originating Lender
- Wintrust Bank, National Association
Other PPP Loans in Kankakee, IL
| Business | Approved | |
|---|---|---|
| Kankakee Valley Construction Company, INC | $2,227,997 |  Research |
| Midwest Transit Equipment Inc. | $2,000,000 | Research |
| Kankakee Valley Construction Company Inc. | $2,000,000 | Research |
| Ruder Electric, Inc. | $1,665,763 | Research |
| Shoup Manufacturing Co | $1,558,954 | Research |
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