PPP borrower record
MECHANICAL TOOL & ENGINEERING COMPANY PPP loan record
Public SBA PPP loan record for MECHANICAL TOOL & ENGINEERING COMPANY. Review approval amount, forgiveness amount, lender fields, borrower location, and source limitations.
$2,149,400
Approved amount
$2,166,715
Forgiven amount
2020-04-09
Date approved
Borrower and loan details
Borrower
MECHANICAL TOOL & ENGINEERING COMPANY
Loan number
9880467001
Business type
Corporation
Business age
Existing or more than 2 years old
Borrower city
Rockford
Borrower state
Illinois
Borrower ZIP
61109
Jobs reported
192
Loan status
Exemption 4
Forgiveness date
2021-02-02
Servicing lender
Northwest Bank of Rockford
Originating lender
Northwest Bank of Rockford
Reported use of proceeds
Payroll
$1,612,050
Rent
N/A
Utilities
$537,350
Mortgage interest
N/A
Health care
N/A
Debt interest
N/A
Location pages
Related directories
Source note
PPP Loan Map uses SBA public PPP records and Geocodio's geocoded PPP dataset for latitude, longitude, and Census geography. Map pins are geocoded estimates, not verified current business locations. Records are public administrative data, not legal findings.