PPP Loan information for B & b electric inc

$1,695,000

B & b electric inc was initially approved for PPP Loan of amount $1,695,000, the current approved amount is $1,695,000. The loan was approved on 04/06/2020 by The United Community Bank reported 79 jobs and $1,695,000 was used to fund payroll.

B & b electric inc is Existing or more than 2 years old

PPP Loan Search / IL / SPRINGFIELD / B & b electric inc

B & B ELECTRIC INC

Date Approved

04/06/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

B & B ELECTRIC INC

Borrower Address

3000 REILLY DR

Borrower City

SPRINGFIELD

Borrower State

IL

Borrower Zip

62703-4565

Loan Status Date

02/01/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1695000.00

Current Approval Amount

1695000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

20465

Servicing Lender Name

United Community Bank

Servicing Lender Address

301 N Main St

Servicing Lender City

CHATHAM

Servicing Lender State

IL

Servicing Lender Zip

62629-1019

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

SPRINGFIELD

Project County Name

SANGAMON

Project State

IL

Project Zip

62703-4565

CD

IL-13

Jobs Reported

79

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

1695000.00

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

20465

Originating Lender

United Community Bank

Originating Lender City

CHATHAM

Originating Lender State

IL

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

1706017.50

Forgiveness Date

12/15/2020

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