PPP Loan information for Commercial electric, inc

$949,100

Commercial electric, inc was initially approved for PPP Loan of amount $949,100, the current approved amount is $949,100. The loan was approved on 04/13/2020 by The First Mid Bank & Trust, National Association reported 48 jobs and $949,100 was used to fund payroll.

Commercial electric, inc is Existing or more than 2 years old

PPP Loan Search / IL / MATTOON / Commercial electric, inc

COMMERCIAL ELECTRIC, INC

Date Approved

04/13/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

COMMERCIAL ELECTRIC, INC

Borrower Address

720 S. 17th Street

Borrower City

MATTOON

Borrower State

IL

Borrower Zip

61938-5502

Loan Status Date

12/17/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

949100.00

Current Approval Amount

949100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

21908

Servicing Lender Name

First Mid Bank & Trust, National Association

Servicing Lender Address

1515 Charleston Ave.

Servicing Lender City

MATTOON

Servicing Lender State

IL

Servicing Lender Zip

61938-3932

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MATTOON

Project County Name

COLES

Project State

IL

Project Zip

61938-5502

CD

IL-15

Jobs Reported

48

NAICS Code

238210

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

118637.50

Payroll Proceed

711825.00

Mortgage Interest Proceed

0.00

Rent Proceed

118637.50

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

21908

Originating Lender

First Mid Bank & Trust, National Association

Originating Lender City

MATTOON

Originating Lender State

IL

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

954979.15

Forgiveness Date

11/27/2020

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