Tazewell Machine Works, Inc.

$510,000 PPP Loan in Pekin, Illinois

Loan Details

Loan Number
7051277007
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$510,000
Current Approval
$510,000
Forgiveness Amount
$512,795
Forgiveness Date
Nov 3, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Tazewell Machine Works, Inc.
Address
2015 S 2nd Street
City
Pekin
ZIP Code
61554-5465
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (331523)
Business Age
Unanswered
Jobs Reported
44
Estimated Revenue
$11.5M
Rural/Urban
Urban
Congressional District
IL-17

Loan Use Breakdown

Payroll
$382,500
Rent
$127,500

Lender Information

Servicing Lender
Busey Bank
Originating Lender
Busey Bank

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