Welding Material Sales, Inc.

$309,600 PPP Loan in Geneva, Illinois

Loan Details

Loan Number
8308897006
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$309,600
Current Approval
$309,600
Forgiveness Amount
$312,928
Forgiveness Date
May 6, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Welding Material Sales, Inc.
Address
1340 Reed Rd
City
Geneva
ZIP Code
60134-0786
Business Type
Corporation
Industry (NAICS)
Manufacturing (333992)
Business Age
Existing or more than 2 years old
Jobs Reported
47
Estimated Revenue
$12.3M
Rural/Urban
Urban
Congressional District
IL-11

Loan Use Breakdown

Payroll
$259,834
Rent
$42,021
Utilities
$7,745

Lender Information

Servicing Lender
Old Second National Bank
Originating Lender
Old Second National Bank

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