Mechanics Planing Mill, INC

$605,600 PPP Loan in Glen Carbon, Illinois

Loan Details

Loan Number
9408317009
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$605,600
Current Approval
$605,600
Forgiveness Amount
$612,237
Forgiveness Date
May 21, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Mechanics Planing Mill, INC
Address
1 Cottonwood Industrial Park
ZIP Code
62034-2742
Business Type
Corporation
Industry (NAICS)
Manufacturing (321918)
Business Age
Existing or more than 2 years old
Jobs Reported
25
Estimated Revenue
$24.8M
Rural/Urban
Urban
Congressional District
IL-13

Loan Use Breakdown

Payroll
$605,600

Lender Information

Servicing Lender
Bank of Springfield
Originating Lender
Bank of Springfield

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