PPP Loan information for Addison electric inc

$503,100

Addison electric inc was initially approved for PPP Loan of amount $503,100, the current approved amount is $503,100. The loan was approved on 04/14/2020 by The Union National Bank reported 31 jobs and $503,100 was used to fund payroll.

Addison electric inc is Existing or more than 2 years old

PPP Loan Search / IL / ADDISON / Addison electric inc

ADDISON ELECTRIC INC

Date Approved

04/14/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

ADDISON ELECTRIC INC

Borrower Address

502 FACTORY ROAD

Borrower City

ADDISON

Borrower State

IL

Borrower Zip

60101

Loan Status Date

02/18/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

503100.00

Current Approval Amount

503100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

21320

Servicing Lender Name

Union National Bank

Servicing Lender Address

101 E Chicago St

Servicing Lender City

ELGIN

Servicing Lender State

IL

Servicing Lender Zip

60120-5583

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ADDISON

Project County Name

DUPAGE

Project State

IL

Project Zip

60101-0001

CD

IL-08

Jobs Reported

31

NAICS Code

423690

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

503100.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

21320

Originating Lender

Union National Bank

Originating Lender City

ELGIN

Originating Lender State

IL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

507599.95

Forgiveness Date

03/11/2021

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