Production Cutting Services, INC

$425,000 PPP Loan in East Moline, Illinois

Loan Details

Loan Number
7857687207
Date Approved
Apr 28, 2020
Loan Status
Paid in Full
Initial Approval
$425,000
Current Approval
$425,000
Forgiveness Amount
$430,379
Forgiveness Date
Aug 5, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Production Cutting Services, INC
Address
1033 7th Street Suite 300
ZIP Code
61244
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (332999)
Business Age
Existing or more than 2 years old
Jobs Reported
44
Estimated Revenue
$10.8M
Rural/Urban
Urban
Congressional District
IL-17

Loan Use Breakdown

Payroll
$300,000
Rent
$80,000
Utilities
$25,000
Health Care
$20,000

Lender Information

Servicing Lender
Ih Mississippi Valley Credit Union
Originating Lender
Ih Mississippi Valley Credit Union

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