Varel Dairy, Inc.

$263,296 PPP Loan in Bartelso, Illinois

Loan Details

Loan Number
8289207002
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$263,296
Current Approval
$263,296
Forgiveness Amount
$265,647
Forgiveness Date
Mar 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Varel Dairy, Inc.
Address
7300 Twin Levee Rd
ZIP Code
62218-3026
Business Type
Corporation
Industry (NAICS)
Agriculture, Forestry, Fishing and Hunting (112120)
Business Age
Existing or more than 2 years old
Jobs Reported
29
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
IL-12

Loan Use Breakdown

Payroll
$233,296
Rent
$5,000
Utilities
$21,500
Debt Interest
$3,500

Lender Information

Servicing Lender
Fcb Banks
Originating Lender
Fcb Banks

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