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Universal Insulation INC

$523,000 PPP Loan in Lemont, Illinois

Loan Details

Loan Number
8872817005
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$523,000
Current Approval
$523,000
Forgiveness Amount
$525,935
Forgiveness Date
Nov 5, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Universal Insulation INC
Address
1385 101st St Suite D
City
Lemont
State
Illinois
ZIP Code
60439-9625
Business Type
Corporation
Industry (NAICS)
Construction (238290)
Business Age
Existing or more than 2 years old
Jobs Reported
32
Estimated Revenue
$10.2M
Rural/Urban
Urban
Congressional District
IL-11

Loan Use Breakdown

Payroll
$418,400
Rent
$52,300
Utilities
$26,150
Debt Interest
$26,150

Lender Information

Servicing Lender
Cornerstone National Bank & Trust Company
Originating Lender
Cornerstone National Bank & Trust Company

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