Rock River Arms, Inc.

$505,000 PPP Loan in Colona, Illinois

Loan Details

Loan Number
6591567007
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$505,000
Current Approval
$505,000
Forgiveness Amount
$507,904
Forgiveness Date
Nov 12, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Rock River Arms, Inc.
Address
1042 Cleveland Road
City
Colona
ZIP Code
61241-8974
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (332994)
Business Age
Existing or more than 2 years old
Jobs Reported
40
Estimated Revenue
$9.8M
Rural/Urban
Rural
Congressional District
IL-17

Loan Use Breakdown

Payroll
$439,000
Rent
$60,000
Utilities
$6,000

Lender Information

Servicing Lender
Bankorion
Originating Lender
Bankorion

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