PPP Loan information for Area erectors, inc.

$3,948,800

Area erectors, inc. was initially approved for PPP Loan of amount $3,948,800, the current approved amount is $3,948,800. The loan was approved on 04/14/2020 by The Northwest Bank of Rockford reported 221 jobs and $3,948,800 was used to fund payroll.

Area erectors, inc. is Existing or more than 2 years old

PPP Loan Search / IL / ROCKFORD / Area erectors, inc.

AREA ERECTORS, INC.

Date Approved

04/14/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

AREA ERECTORS, INC.

Borrower Address

2323 Harrison Avenue

Borrower City

ROCKFORD

Borrower State

IL

Borrower Zip

61104-7339

Loan Status Date

04/23/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

3948800.00

Current Approval Amount

3948800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

22504

Servicing Lender Name

Northwest Bank of Rockford

Servicing Lender Address

3106 N Rockton Ave

Servicing Lender City

ROCKFORD

Servicing Lender State

IL

Servicing Lender Zip

61103-2837

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

ROCKFORD

Project County Name

WINNEBAGO

Project State

IL

Project Zip

61104-7339

CD

IL-17

Jobs Reported

221

NAICS Code

238120

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

987200.00

Payroll Proceed

2961600.00

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

22504

Originating Lender

Northwest Bank of Rockford

Originating Lender City

ROCKFORD

Originating Lender State

IL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

3992634.33

Forgiveness Date

06/08/2021

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