Morton Automatic Electric Co

$106,000 PPP Loan in Morton, Illinois

Loan Details

Loan Number
7726498401
Date Approved
Feb 12, 2021
Loan Status
Paid in Full
Initial Approval
$106,000
Current Approval
$106,000
Forgiveness Amount
$106,595
Forgiveness Date
Sep 7, 2021
Term
60 months
Draw
Second Draw

Business Information

Business Name
Morton Automatic Electric Co
Address
641 W David St
City
Morton
ZIP Code
61550-1529
Business Type
Corporation
Industry (NAICS)
Manufacturing (334515)
Business Age
Existing or more than 2 years old
Jobs Reported
8
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
IL-16

Loan Use Breakdown

Payroll
$106,000

Lender Information

Servicing Lender
Morton Community Bank
Originating Lender
Morton Community Bank

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