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Omni Gear & Machine Corp

$250,300 PPP Loan in Joliet, Illinois

Loan Details

Loan Number
9220247010
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$250,300
Current Approval
$250,300
Forgiveness Amount
$251,684
Forgiveness Date
Nov 3, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Omni Gear & Machine Corp
Address
90 Bissel St
City
Joliet
State
Illinois
ZIP Code
60432-3052
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (332710)
Business Age
Existing or more than 2 years old
Jobs Reported
22
Estimated Revenue
$5.4M
Rural/Urban
Urban
Congressional District
IL-14

Loan Use Breakdown

Payroll
$178,700
Rent
$20,600
Health Care
$42,000
Debt Interest
$9,000

Lender Information

Servicing Lender
Busey Bank
Originating Lender
Busey Bank

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