Mechanical Power, Inc.

$274,000 PPP Loan in Wauconda, Illinois

Loan Details

Loan Number
6131047003
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$274,000
Current Approval
$274,000
Forgiveness Amount
$276,321
Forgiveness Date
Feb 16, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Mechanical Power, Inc.
Address
135 Kerry Ln
ZIP Code
60084-1134
Business Type
Corporation
Industry (NAICS)
Wholesale Trade (423830)
Business Age
Existing or more than 2 years old
Jobs Reported
16
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
IL-11

Loan Use Breakdown

Payroll
$274,000

Lender Information

Servicing Lender
Signature Bank
Originating Lender
Signature Bank

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