Tru-Cut, Inc.

$489,630 PPP Loan in Cary, Illinois

Loan Details

Loan Number
6882447104
Date Approved
Apr 14, 2020
Loan Status
Paid in Full
Initial Approval
$489,630
Current Approval
$489,630
Forgiveness Amount
$494,989
Forgiveness Date
May 21, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Tru-Cut, Inc.
Address
240 Jandus Rd
City
Cary
ZIP Code
60013-2862
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (333515)
Business Age
Existing or more than 2 years old
Jobs Reported
14
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
IL-11

Loan Use Breakdown

Payroll
$367,223
Rent
$73,445
Utilities
$48,963

Lender Information

Servicing Lender
Crystal Lake Bank & Trust Company, National Association
Originating Lender
Crystal Lake Bank & Trust Company, National Association

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