PPP Loan information for Continental electric company inc

$1,500,000

Continental electric company inc was initially approved for PPP Loan of amount $1,500,000, the current approved amount is $1,500,000. The loan was approved on 04/11/2020 by The 1st Source Bank reported 89 jobs and $1,500,000 was used to fund payroll.

Continental electric company inc is Existing or more than 2 years old

PPP Loan Search / IN / GARY / Continental electric company inc

CONTINENTAL ELECTRIC COMPANY INC

Date Approved

04/11/2020

SBA Office Code

0562

Processing Method

PPP

Borrower Name

CONTINENTAL ELECTRIC COMPANY INC

Borrower Address

9501 E 5th Ave

Borrower City

GARY

Borrower State

IN

Borrower Zip

46403-3329

Loan Status Date

05/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1500000.00

Current Approval Amount

1500000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24195

Servicing Lender Name

1st Source Bank

Servicing Lender Address

100 N Michigan St

Servicing Lender City

SOUTH BEND

Servicing Lender State

IN

Servicing Lender Zip

46601-1630

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

GARY

Project County Name

LAKE

Project State

IN

Project Zip

46403-3329

CD

IN-01

Jobs Reported

89

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1500000.00

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

24195

Originating Lender

1st Source Bank

Originating Lender City

SOUTH BEND

Originating Lender State

IN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1515166.67

Forgiveness Date

04/19/2021

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