As part of the Paycheck Protection Program MATERIAL CONTROL SYSTEMS, INC was approved for a loan.

The Paycheck Protection Program (PPP) incentivized business owners to continue paying their workers during the pandemic. In late December 2020, a new PPP bill authorized additional funding for the program.

MATERIAL CONTROL SYSTEMS, INC


Loan Amount	$1,534,029
BusinessName	MATERIAL CONTROL SYSTEMS, INC
Address	375 36TH ST
City	EAST MOLINE
State	IL
Zip	61244
NAICSCode	531120
BusinessType	Corporation
RaceEthnicity	White
Gender	Male Owned
Veteran	Unanswered
NonProfit
JobsReported
DateApproved	04/13/2020
Lender	TBK Bank, SSB
CD	IL-17
BusinessName.clean	MATERIAL CONTROL SYSTEMS

Data Sources

The data come from a release of over 5 million records by the SBA in November, 2020.

Who Could Apply?

Entities affected by Coronavirus (COVID-19) may have been eligible, including:

Small businesses that met SBA’s size standards
Sole proprietors, independent contractors, and self-employed persons

More info about the PPP is available from the Small Business Administration.

Other Organizations with PPP Loans

MATERIAL CONTROL
MATERIAL HANDLING EXCHANGE
MATERIAL HANDLING
MATERIAL HANDLING SUPPLY
MATERIAL SOLUTIONS LABORATORY