Formel Industries, Inc.
$600,000 PPP Loan in Franklin Park, Illinois
Loan Details
- Loan Number
- 8570527006
- Date Approved
- Apr 8, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $600,000
- Current Approval
- $600,000
- Forgiveness Amount
- $605,317
- Forgiveness Date
- Mar 3, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Formel Industries, Inc.
- Address
- 2355 Rose St
- City
- Franklin Park
- State
- Illinois
- ZIP Code
- 60131-3504
- Business Type
- Corporation
- Industry (NAICS)
- Professional, Scientific, and Technical Services (541990)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 39
- Estimated Revenue
- $5.5M
- Rural/Urban
- Urban
- Congressional District
- IL-04
Loan Use Breakdown
- Payroll
- $450,000
- Utilities
- $60,000
- Mortgage Interest
- $90,000
Lender Information
- Servicing Lender
- Barrington Bank & Trust Company, National Association
- Originating Lender
- Barrington Bank & Trust Company, National Association
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| J.s. Paluch Co., Inc. | $3,593,643 | AI Deep Dive |
| R.c.m. Industries, Inc. | $3,584,710 | AI Deep Dive |
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