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Prem Magnetics, Incorporated

$241,100 PPP Loan in Mchenry, Illinois

Loan Details

Loan Number
7137567110
Date Approved
Apr 14, 2020
Loan Status
Paid in Full
Initial Approval
$241,100
Current Approval
$241,100
Forgiveness Amount
$242,446
Forgiveness Date
Nov 3, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Prem Magnetics, Incorporated
Address
3521 N Chapel Hill Road
City
Mchenry
State
Illinois
ZIP Code
60051
Business Type
Corporation
Industry (NAICS)
Manufacturing (335311)
Business Age
Existing or more than 2 years old
Jobs Reported
31
Estimated Revenue
$8.1M
Rural/Urban
Urban
Congressional District
IL-11

Loan Use Breakdown

Payroll
$180,825
Rent
$60,275

Lender Information

Servicing Lender
Home State Bank, National Association
Originating Lender
Home State Bank, National Association

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