PPP Loan information for Avondale electric

$512,308

Avondale electric was initially approved for PPP Loan of amount $512,308, the current approved amount is $512,308. The loan was approved on 04/30/2020 by The American Express National Bank reported 45 jobs and $512,308 was used to fund payroll.

Avondale electric is Existing or more than 2 years old

PPP Loan Search / IL / Elk grove village / Avondale electric

AVONDALE ELECTRIC

Date Approved

04/30/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

AVONDALE ELECTRIC

Borrower Address

1475 Brummel

Borrower City

Elk grove village

Borrower State

IL

Borrower Zip

60007

Loan Status Date

10/15/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

512308.07

Current Approval Amount

512308.07

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

113190

Servicing Lender Name

American Express National Bank

Servicing Lender Address

115 West Towne Ridge Parkway

Servicing Lender City

Sandy

Servicing Lender State

UT

Servicing Lender Zip

84070

Rural Urban Indicator

U

Hubzone Indicator

Y

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

60007-1000

CD

IL-08

Jobs Reported

45

NAICS Code

236220

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

117830.86

Payroll Proceed

235661.70

Mortgage Interest Proceed

15369.24

Rent Proceed

46107.73

Refinance EIDL Proceed

0.00

Health Care Proceed

97338.54

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

113190

Originating Lender

American Express National Bank

Originating Lender City

Sandy

Originating Lender State

UT

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

519199.67

Forgiveness Date

09/10/2021

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