General Machine & Tool, INC

$361,000 PPP Loan in Lockport, Illinois

Loan Details

Loan Number
7828177110
Date Approved
Apr 14, 2020
Loan Status
Paid in Full
Initial Approval
$361,000
Current Approval
$361,000
Forgiveness Amount
$362,929
Forgiveness Date
Nov 3, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
General Machine & Tool, INC
Address
348 Caton Farm Road
ZIP Code
60441
Business Type
Corporation
Industry (NAICS)
Manufacturing (332710)
Business Age
Unanswered
Jobs Reported
28
Estimated Revenue
$6.8M
Rural/Urban
Urban
Congressional District
IL-01

Loan Use Breakdown

Payroll
$270,750
Rent
$90,250

Lender Information

Servicing Lender
Busey Bank
Originating Lender
Busey Bank

Other PPP Loans in Lockport, IL

BusinessApproved
Concrete by Wagner INC$1,979,590NewBizBotAI Deep Dive
Mcmahon Transport Group, LLC$1,900,860NewBizBotAI Deep Dive
Beary Landcape Management Inc.$1,610,743NewBizBotAI Deep Dive
Beary Landscape Management, INC$1,457,000NewBizBotAI Deep Dive
Mcmahon Transport Group, LLC$1,455,200NewBizBotAI Deep Dive

Want to research this company further?

Try NewBizBot free