Motor Parts & Equipment Corporation
$3,602,300 PPP Loan in Rockford, Illinois
Loan Details
- Loan Number
- 7440407002
- Date Approved
- Apr 7, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $3,602,300
- Current Approval
- $3,602,300
- Forgiveness Amount
- $3,644,327
- Forgiveness Date
- Jun 11, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Motor Parts & Equipment Corporation
- Address
- 1670 Northrock Court
- City
- Rockford
- State
- Illinois
- ZIP Code
- 61103-1203
- Business Type
- Corporation
- Industry (NAICS)
- Retail Trade (441310)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 500
- Estimated Revenue
- $135.2M
- Rural/Urban
- Urban
- Congressional District
- IL-16
Loan Use Breakdown
- Payroll
- $2,701,725
- Rent
- $540,345
- Utilities
- $360,230
Lender Information
- Servicing Lender
- Wheaton Bank & Trust Company, National Association
- Originating Lender
- Wheaton Bank & Trust Company, National Association
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