Sargent's Equipment & Repair Services, Inc.

$710,600 PPP Loan in South Chicago Heights, Illinois

Loan Details

Loan Number
6661637000
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$710,600
Current Approval
$710,600
Forgiveness Amount
$717,094
Forgiveness Date
Mar 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Sargent's Equipment & Repair Services, Inc.
Address
281 E Sauk Trl
ZIP Code
60411-5521
Business Type
Subchapter S Corporation
Industry (NAICS)
Other Services (except Public Administration) (811310)
Business Age
Existing or more than 2 years old
Jobs Reported
49
Estimated Revenue
$10.5M
Rural/Urban
Urban
Congressional District
IL-02

Loan Use Breakdown

Payroll
$568,480
Rent
$71,060
Utilities
$35,530
Debt Interest
$35,530

Lender Information

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

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