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Inertia Machine Corporation

$178,500 PPP Loan in Freeport, Illinois

Loan Details

Loan Number
5807047010
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$178,500
Current Approval
$178,500
Forgiveness Amount
$179,521
Forgiveness Date
Nov 3, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Inertia Machine Corporation
Address
730 S Hancock Ave
City
Freeport
State
Illinois
ZIP Code
61032-5317
Business Type
Corporation
Industry (NAICS)
Manufacturing (333120)
Business Age
Existing or more than 2 years old
Jobs Reported
19
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
IL-17

Loan Use Breakdown

Payroll
$133,875
Rent
$22,313
Utilities
$22,313

Lender Information

Servicing Lender
State Bank
Originating Lender
State Bank

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