Mechanical Equipment Company INC
$212,800 PPP Loan in Island Lake, Illinois
Loan Details
- Loan Number
- 8196287005
- Date Approved
- Apr 8, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $212,800
- Current Approval
- $212,800
- Forgiveness Amount
- $214,461
- Forgiveness Date
- Jan 25, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Mechanical Equipment Company INC
- Address
- 243 W State Rd
- City
- Island Lake
- State
- Illinois
- ZIP Code
- 60042-8448
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Wholesale Trade (423720)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 13
- Estimated Revenue
- <$5M
- Rural/Urban
- Urban
- Congressional District
- IL-11
Loan Use Breakdown
- Payroll
- $192,800
- Rent
- $15,000
- Utilities
- $5,000
Lender Information
- Servicing Lender
- Itasca Bank & Trust Co.
- Originating Lender
- Itasca Bank & Trust Co.
Other PPP Loans in Island Lake, IL
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|---|---|---|
| Robert E Hummel Construction Company Inc. | $560,100 |  AI Deep Dive |
| Robert E. Hummel Construction Co. Inc. | $560,000 | AI Deep Dive |
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| Island Lake Foods, INC | $205,932 | AI Deep Dive |
| Custom Classic Automobiles & Collision Repair, Inc. | $201,100 | AI Deep Dive |
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