Farmweld INC
$494,000 PPP Loan in Teutopolis, Illinois
Loan Details
- Loan Number
- 6747347008
- Date Approved
- Apr 7, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $494,000
- Current Approval
- $494,000
- Forgiveness Amount
- $499,489
- Forgiveness Date
- May 21, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Farmweld INC
- Address
- 605 E Main St
- City
- Teutopolis
- State
- Illinois
- ZIP Code
- 62467-1357
- Business Type
- Corporation
- Industry (NAICS)
- Manufacturing (332312)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 41
- Estimated Revenue
- $10.0M
- Rural/Urban
- Rural
- Congressional District
- IL-12
Loan Use Breakdown
- Payroll
- $370,500
- Rent
- $61,750
- Utilities
- $61,750
Lender Information
- Servicing Lender
- First Mid Bank & Trust, National Association
- Originating Lender
- First Mid Bank & Trust, National Association
Other PPP Loans in Teutopolis, IL
| Business | Approved | |
|---|---|---|
| Stevens Cabinets INC | $5,000,000 |  AI Deep Dive |
| Three-Z Printing Company | $3,072,400 | AI Deep Dive |
| Siemer Milling Company | $2,061,230 | AI Deep Dive |
| Meyer Oil Co. | $1,269,400 | AI Deep Dive |
| Pals Electric Inc. | $1,063,202 | AI Deep Dive |
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