Illinois Valley Machine Shop INC

$322,318 PPP Loan in Ransom, Illinois

Loan Details

Loan Number
5595387004
Date Approved
Apr 5, 2020
Loan Status
Paid in Full
Initial Approval
$322,318
Current Approval
$322,318
Forgiveness Amount
$324,340
Forgiveness Date
Nov 25, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Illinois Valley Machine Shop INC
Address
108 North Lincoln St
City
Ransom
ZIP Code
60470-8501
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (332710)
Business Age
Existing or more than 2 years old
Jobs Reported
27
Estimated Revenue
$6.6M
Rural/Urban
Rural
Congressional District
IL-16

Loan Use Breakdown

Payroll
$306,202
Rent
$8,058
Utilities
$8,058

Lender Information

Servicing Lender
Midland States Bank
Originating Lender
Midland States Bank

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