Herschel Johnson Implement, Inc.

$149,549 PPP Loan in Albion, Illinois

Loan Details

Loan Number
6023827004
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$149,549
Current Approval
$149,549
Forgiveness Amount
$150,430
Forgiveness Date
Nov 12, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Herschel Johnson Implement, Inc.
Address
652 Illinois Route 15
City
Albion
ZIP Code
62806-4454
Business Type
Subchapter S Corporation
Industry (NAICS)
Wholesale Trade (423820)
Business Age
Existing or more than 2 years old
Jobs Reported
11
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
IL-12

Loan Use Breakdown

Payroll
$115,549
Utilities
$4,000
Mortgage Interest
$5,000
Debt Interest
$25,000

Lender Information

Servicing Lender
Citizens National Bank of Albion
Originating Lender
Citizens National Bank of Albion

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