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Suburban Machine Corporation

$400,000 PPP Loan in Wheeling, Illinois

Loan Details

Loan Number
9290657010
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$400,000
Current Approval
$400,000
Forgiveness Amount
$405,167
Forgiveness Date
Jul 27, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Suburban Machine Corporation
Address
512 Northgate Parkway
City
Wheeling
State
Illinois
ZIP Code
60090-2664
Business Type
Corporation
Industry (NAICS)
Manufacturing (333999)
Business Age
Existing or more than 2 years old
Jobs Reported
26
Estimated Revenue
$6.8M
Rural/Urban
Urban
Congressional District
IL-10

Loan Use Breakdown

Payroll
$300,000
Utilities
$5,000
Mortgage Interest
$95,000

Lender Information

Servicing Lender
Libertyville Bank & Trust Company, National Association
Originating Lender
Libertyville Bank & Trust Company, National Association

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