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Promet Processing Corporation

$402,000 PPP Loan in Elgin, Illinois

Loan Details

Loan Number
6574347009
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$402,000
Current Approval
$402,000
Forgiveness Amount
$404,222
Forgiveness Date
Nov 3, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Promet Processing Corporation
Address
390 River Ridge Dr
City
Elgin
State
Illinois
ZIP Code
60123-9370
Business Type
Corporation
Industry (NAICS)
Manufacturing (332312)
Business Age
Existing or more than 2 years old
Jobs Reported
36
Estimated Revenue
$8.8M
Rural/Urban
Urban
Congressional District
IL-08

Loan Use Breakdown

Payroll
$301,500
Mortgage Interest
$100,500

Lender Information

Servicing Lender
Wintrust Bank, National Association
Originating Lender
Wintrust Bank, National Association

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