Formula Auto Repair INC
$71,353 PPP Loan in Mount Prospect, Illinois
Loan Details
- Loan Number
- 6811687000
- Date Approved
- Apr 7, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $71,353
- Current Approval
- $71,353
- Forgiveness Amount
- $72,024
- Forgiveness Date
- Mar 29, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Formula Auto Repair INC
- Address
- 310 W Northwest Hwy
- City
- Mount Prospect
- State
- Illinois
- ZIP Code
- 60056-3103
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Other Services (except Public Administration) (811111)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 9
- Estimated Revenue
- <$5M
- Rural/Urban
- Urban
- Congressional District
- IL-05
Loan Use Breakdown
- Payroll
- $57,082
- Rent
- $14,271
Lender Information
- Servicing Lender
- First Secure Community Bank
- Originating Lender
- First Secure Community Bank
Other PPP Loans in Mount Prospect, IL
| Business | Approved | |
|---|---|---|
| Parenti & Raffaelli, Ltd. | $4,607,713 |  AI Deep Dive |
| National Association of Boards of Pharmacy | $2,700,000 | AI Deep Dive |
| Ea Langenfeld Associates | $2,290,350 | AI Deep Dive |
| Parenti & Raffaelli Ltd. | $2,000,000 | AI Deep Dive |
| Schumacher Electric Corporation | $1,964,000 | AI Deep Dive |
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