Newko Prototype, Inc.

$509,700 PPP Loan in Palatine, Illinois

Loan Details

Loan Number
6528107006
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$509,700
Current Approval
$509,700
Forgiveness Amount
$512,546
Forgiveness Date
Nov 3, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Newko Prototype, Inc.
Address
720 Vermont St
ZIP Code
60067-7139
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (333517)
Business Age
Existing or more than 2 years old
Jobs Reported
50
Estimated Revenue
$13.1M
Rural/Urban
Urban
Congressional District
IL-08

Loan Use Breakdown

Payroll
$407,760
Rent
$50,970
Utilities
$25,485
Debt Interest
$25,485

Lender Information

Servicing Lender
Cornerstone National Bank & Trust Company
Originating Lender
Cornerstone National Bank & Trust Company

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