Spectrum Insurance Agency, INC

$138,000 PPP Loan in Rockford, Illinois

Loan Details

Loan Number
9290337106
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$138,000
Current Approval
$138,000
Forgiveness Amount
$139,254
Forgiveness Date
Mar 18, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Spectrum Insurance Agency, INC
Address
5301 E State Street Suite #201
ZIP Code
61108-2392
Business Type
Corporation
Industry (NAICS)
Finance and Insurance (524113)
Business Age
Existing or more than 2 years old
Jobs Reported
13
Estimated Revenue
$6.7M
Rural/Urban
Urban
Congressional District
IL-17

Loan Use Breakdown

Payroll
$132,882
Rent
$4,387
Utilities
$731

Lender Information

Servicing Lender
First Mid Bank & Trust, National Association
Originating Lender
First Mid Bank and Trust National Association

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