North American Clutch and Driveline, INC

$477,500 PPP Loan in Machesney Park, Illinois

Loan Details

Loan Number
5653987006
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$477,500
Current Approval
$477,500
Forgiveness Amount
$480,259
Forgiveness Date
Nov 12, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
North American Clutch and Driveline, INC
Address
10901 N 2nd St
ZIP Code
61115-1461
Business Type
Corporation
Industry (NAICS)
Wholesale Trade (423830)
Business Age
Existing or more than 2 years old
Jobs Reported
31
Estimated Revenue
$9.5M
Rural/Urban
Urban
Congressional District
IL-16

Loan Use Breakdown

Payroll
$358,125
Utilities
$59,687
Mortgage Interest
$59,688

Lender Information

Servicing Lender
Northwest Bank of Rockford
Originating Lender
Northwest Bank of Rockford

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