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HITECH MACHINERY SALES, INC.

Company Details

Entity Name: HITECH MACHINERY SALES, INC.
Jurisdiction: Illinois
Entity Type: Corporation - Domestic BCA
Status: Goodstanding
Date Formed: 10 Jan 1997
Company Number: CORP_59215272
File Number: 59215272
Type of Business: Business Corporations
Place of Formation: ILLINOIS

Agent

Name and Address Role Appointment Date
WILLIAM ROBERT RAYE, 1455 FAIRFIELD DR, ELBURN, 60177, KANE Agent 2015-01-13

President

Name and Address Role
WILLIAM RAYE, 1455 FAIRFIELD DR ELBURN 60119 President

Secretary

Name and Address Role
KAREN L RAYE Secretary

Shares

Class Series Voting Rights Authorized Shares Issued Shares Par Value
COMMON No data Voting Rights 1000 1000000 No data

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
8388948308 2021-01-29 0507 PPS 720 N 17th St Ste 3, Saint Charles, IL, 60174-1529
Loan Status Date 2022-01-31
Loan Status Paid in Full
Loan Maturity in Months 60
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 12000
Loan Approval Amount (current) 12000
Undisbursed Amount 0
Franchise Name -
Lender Location ID 116998
Servicing Lender Name CIBC Bank USA
Servicing Lender Address 120 S LaSalle St, CHICAGO, IL, 60603-3403
Rural or Urban Indicator U
Hubzone N
LMI N
Business Age Description Existing or more than 2 years old
Project Address Saint Charles, KANE, IL, 60174-1529
Project Congressional District IL-08
Number of Employees 4
NAICS code 423830
Borrower Race Unanswered
Borrower Ethnicity Not Hispanic or Latino
Business Type Subchapter S Corporation
Originating Lender ID 116998
Originating Lender Name CIBC Bank USA
Originating Lender Address CHICAGO, IL
Gender Male Owned
Veteran Non-Veteran
Forgiveness Amount 12082.19
Forgiveness Paid Date 2021-10-26
4910157208 2020-04-27 0507 PPP 720 N. 17th Suite 3, SAINT CHARLES, IL, 60174-1529
Loan Status Date 2021-02-20
Loan Status Paid in Full
Loan Maturity in Months 24
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 12000
Loan Approval Amount (current) 12000
Undisbursed Amount 0
Franchise Name -
Lender Location ID 116998
Servicing Lender Name CIBC Bank USA
Servicing Lender Address 120 S LaSalle St, CHICAGO, IL, 60603-3403
Rural or Urban Indicator U
Hubzone N
LMI N
Business Age Description Existing or more than 2 years old
Project Address SAINT CHARLES, KANE, IL, 60174-1529
Project Congressional District IL-08
Number of Employees 4
NAICS code 423830
Borrower Race Unanswered
Borrower Ethnicity Not Hispanic or Latino
Business Type Subchapter S Corporation
Originating Lender ID 116998
Originating Lender Name CIBC Bank USA
Originating Lender Address CHICAGO, IL
Gender Male Owned
Veteran Non-Veteran
Forgiveness Amount 12089.42
Forgiveness Paid Date 2021-01-27

Date of last update: 13 Mar 2025

Sources: Illinois Office of the Secretary of State