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Newark Amoco Food Shop

$87,500 PPP Loan in Newark, Illinois

Loan Details

Loan Number
7097487006
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$87,500
Current Approval
$87,500
Forgiveness Amount
$88,049
Forgiveness Date
Nov 20, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Newark Amoco Food Shop
Address
303 Route 71
City
Newark
State
Illinois
ZIP Code
60541
Business Type
Corporation
Industry (NAICS)
Retail Trade (447110)
Business Age
Existing or more than 2 years old
Jobs Reported
20
Estimated Revenue
$6.7M
Rural/Urban
Urban
Congressional District
IL-14

Loan Use Breakdown

Payroll
$65,625
Rent
$8,750
Utilities
$4,375
Mortgage Interest
$8,750

Lender Information

Servicing Lender
Grundy Bank
Originating Lender
Grundy Bank

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