Powmet INC

$173,117 PPP Loan in Rockford, Illinois

Loan Details

Loan Number
5574377002
Date Approved
Apr 5, 2020
Loan Status
Paid in Full
Initial Approval
$173,117
Current Approval
$173,117
Forgiveness Amount
$174,189
Forgiveness Date
Nov 23, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Powmet INC
Address
2625 Sewell Street
ZIP Code
61109-1258
Business Type
Corporation
Industry (NAICS)
Wholesale Trade (423510)
Business Age
Existing or more than 2 years old
Jobs Reported
8
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
IL-17

Loan Use Breakdown

Payroll
$147,149
Rent
$4,328
Utilities
$4,328
Health Care
$17,312

Lender Information

Servicing Lender
Midland States Bank
Originating Lender
Midland States Bank

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