PPP Loan information for Arc-tronics inc

$1,420,300

Arc-tronics inc was initially approved for PPP Loan of amount $1,420,300, the current approved amount is $1,420,300. The loan was approved on 04/04/2020 by The Village Bank and Trust, National Association reported 146 jobs and $1,420,300 was used to fund payroll.

Arc-tronics inc is Existing or more than 2 years old

PPP Loan Search / IL / ELK GROVE VILLAGE / Arc-tronics inc

ARC-TRONICS INC

Date Approved

04/04/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

ARC-TRONICS INC

Borrower Address

PAGNI DR

Borrower City

ELK GROVE VILLAGE

Borrower State

IL

Borrower Zip

60007-6601

Loan Status Date

07/02/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1420300.00

Current Approval Amount

1420300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

119325

Servicing Lender Name

Village Bank and Trust, National Association

Servicing Lender Address

234 W Northwest Hwy

Servicing Lender City

ARLINGTON HEIGHTS

Servicing Lender State

IL

Servicing Lender Zip

60004-5934

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ELK GROVE VILLAGE

Project County Name

COOK

Project State

IL

Project Zip

60007-6601

CD

IL-08

Jobs Reported

146

NAICS Code

334412

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1420300.00

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

119325

Originating Lender

Village Bank and Trust, National Association

Originating Lender City

ARLINGTON HEIGHTS

Originating Lender State

IL

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

1428269.46

Forgiveness Date

11/03/2020

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