Worth Steel and Machine Co.

$248,700 PPP Loan in Alsip, Illinois

Loan Details

Loan Number
8038007007
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$248,700
Current Approval
$248,700
Forgiveness Amount
$251,747
Forgiveness Date
Jul 2, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Worth Steel and Machine Co.
Address
4001 W 123rd St
City
Alsip
ZIP Code
60803-1801
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (331222)
Business Age
Existing or more than 2 years old
Jobs Reported
26
Estimated Revenue
$6.8M
Rural/Urban
Urban
Congressional District
IL-06

Loan Use Breakdown

Payroll
$198,960
Rent
$24,870
Utilities
$12,435
Mortgage Interest
$12,435

Lender Information

Servicing Lender
Cornerstone National Bank & Trust Company
Originating Lender
Cornerstone National Bank & Trust Company

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