Sterling Business Machines, Inc.

$260,305 PPP Loan in Sterling, Illinois

Loan Details

Loan Number
7805727008
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$260,305
Current Approval
$260,305
Forgiveness Amount
$257,122
Forgiveness Date
Feb 16, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Sterling Business Machines, Inc.
Address
501 Locust St
ZIP Code
61081-3542
Business Type
Corporation
Industry (NAICS)
Retail Trade (453210)
Business Age
Existing or more than 2 years old
Jobs Reported
30
Estimated Revenue
$6.5M
Rural/Urban
Rural
Congressional District
IL-17

Loan Use Breakdown

Payroll
$255,000
Utilities
$5,305

Lender Information

Servicing Lender
Midland States Bank
Originating Lender
Midland States Bank

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