Merchant Services Midwest Inc.

$580,000 PPP Loan in Downers Grove, Illinois

Loan Details

Loan Number
8604878404
Date Approved
Feb 13, 2021
Loan Status
Paid in Full
Initial Approval
$580,000
Current Approval
$580,000
Forgiveness Amount
$586,364
Forgiveness Date
Mar 21, 2022
Term
60 months
Draw
Second Draw

Business Information

Business Name
Merchant Services Midwest Inc.
Address
3051 Oak Grove Rd # 2
ZIP Code
60515-1156
Business Type
Subchapter S Corporation
Industry (NAICS)
Finance and Insurance (522320)
Business Age
Existing or more than 2 years old
Jobs Reported
45
Estimated Revenue
$23.1M
Rural/Urban
Urban
Congressional District
IL-06

Loan Use Breakdown

Payroll
$579,997
Utilities
$1

Lender Information

Servicing Lender
American Commercial Bank & Trust, National Association
Originating Lender
American Commercial Bank & Trust, National Association

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