PPP Loan information for American precision electronics inc.

$514,815

American precision electronics inc. was initially approved for PPP Loan of amount $514,815, the current approved amount is $514,815. The loan was approved on 01/23/2021 by The Cornerstone National Bank & Trust Company reported 58 jobs and $514,815 was used to fund payroll.

American precision electronics inc. is Existing or more than 2 years old

AMERICAN PRECISION ELECTRONICS INC.

Date Approved

01/23/2021

SBA Office Code

0507

Processing Method

PPS

Borrower Name

AMERICAN PRECISION ELECTRONICS INC.

Borrower Address

25W624 Saint Charles Rd

Borrower City

Carol Stream

Borrower State

IL

Borrower Zip

60188-2062

Loan Status Date

11/05/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

514815.00

Current Approval Amount

514815.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

203014

Servicing Lender Name

Cornerstone National Bank & Trust Company

Servicing Lender Address

One W Northwest Hwy

Servicing Lender City

PALATINE

Servicing Lender State

IL

Servicing Lender Zip

60067-3570

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Carol Stream

Project County Name

DUPAGE

Project State

IL

Project Zip

60188-2062

CD

IL-03

Jobs Reported

58

NAICS Code

334418

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

514813.00

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

Corporation

Originating Lender Location Id

203014

Originating Lender

Cornerstone National Bank & Trust Company

Originating Lender City

PALATINE

Originating Lender State

IL

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

518618.91

Forgiveness Date

10/19/2021

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