Modern Abrasive Corp.
$697,020 PPP Loan in Spring Grove, Illinois
Loan Details
- Loan Number
- 7214397003
- Date Approved
- Apr 7, 2020
- Loan Status
- Exemption 4
- Initial Approval
- $697,020
- Current Approval
- $697,020
- Forgiveness Amount
- $637,059
- Forgiveness Date
- Dec 14, 2020
- Term
- 60 months
- Draw
- First Draw
Business Information
- Business Name
- Modern Abrasive Corp.
- Address
- 2855 N US Highway 12
- City
- Spring Grove
- State
- Illinois
- ZIP Code
- 60081-7808
- Business Type
- Corporation
- Industry (NAICS)
- Manufacturing (333999)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 92
- Estimated Revenue
- $24.1M
- Rural/Urban
- Urban
- Congressional District
- IL-10
Loan Use Breakdown
- Payroll
- $697,020
Lender Information
- Servicing Lender
- First Secure State Bank
- Originating Lender
- First Secure State Bank
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