Mechanical Tool & Engineering Company
$2,149,400 PPP Loan in Rockford, Illinois
Loan Details
- Loan Number
- 9880467001
- Date Approved
- Apr 9, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $2,149,400
- Current Approval
- $2,149,400
- Forgiveness Amount
- $2,166,715
- Forgiveness Date
- Feb 2, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Mechanical Tool & Engineering Company
- Address
- 4701 Kishwaukee Street
- City
- Rockford
- State
- Illinois
- ZIP Code
- 61109-2926
- Business Type
- Corporation
- Industry (NAICS)
- Manufacturing (333996)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 192
- Estimated Revenue
- $50.3M
- Rural/Urban
- Urban
- Congressional District
- IL-17
Loan Use Breakdown
- Payroll
- $1,612,050
- Utilities
- $537,350
Lender Information
- Servicing Lender
- Northwest Bank of Rockford
- Originating Lender
- Northwest Bank of Rockford
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|---|---|---|
| Bergstrom INC | $8,100,000 |  Research |
| Rockford Orthopedic Associates Ltd | $7,217,200 | Research |
| Crusaders Central Clinic Association | $4,593,300 | Research |
| Rockford Toolcraft, Inc. | $4,445,000 | Research |
| Area Erectors, Inc. | $3,948,800 | Research |
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