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Burns Machine Company

$320,988 PPP Loan in Ottawa, Illinois

Loan Details

Loan Number
9358407100
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$320,988
Current Approval
$320,988
Forgiveness Amount
$323,107
Forgiveness Date
Dec 22, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Burns Machine Company
Address
4000 Burmac Rd
City
Ottawa
State
Illinois
ZIP Code
61350-9542
Business Type
Corporation
Industry (NAICS)
Manufacturing (332312)
Business Age
Existing or more than 2 years old
Jobs Reported
27
Estimated Revenue
$6.6M
Rural/Urban
Rural
Congressional District
IL-14

Loan Use Breakdown

Payroll
$255,988
Utilities
$65,000

Lender Information

Servicing Lender
First State Bank
Originating Lender
First State Bank

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