Modern Gear & Machine Inc.

$96,480 PPP Loan in Bensenville, Illinois

Loan Details

Loan Number
8814377703
Date Approved
May 1, 2020
Loan Status
Paid in Full
Initial Approval
$96,480
Current Approval
$96,480
Forgiveness Amount
$97,812
Forgiveness Date
Sep 27, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Modern Gear & Machine Inc.
Address
406 Evergreen Ave
ZIP Code
60106-2506
Business Type
Corporation
Industry (NAICS)
Manufacturing (333517)
Business Age
Existing or more than 2 years old
Jobs Reported
8
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
IL-03

Loan Use Breakdown

Payroll
$96,480

Lender Information

Servicing Lender
Cross River Bank
Originating Lender
Cross River Bank

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