PPP Loan information for Decatur industrial electric, inc.

$999,000

Decatur industrial electric, inc. was initially approved for PPP Loan of amount $999,000, the current approved amount is $999,000. The loan was approved on 04/03/2020 by The First Mid Bank & Trust, National Association reported 72 jobs and $999,000 was used to fund payroll.

Decatur industrial electric, inc. is Existing or more than 2 years old

PPP Loan Search / IL / DECATUR / Decatur industrial electric, inc.

DECATUR INDUSTRIAL ELECTRIC, INC.

Date Approved

04/03/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

DECATUR INDUSTRIAL ELECTRIC, INC.

Borrower Address

1650 E GARFIELD

Borrower City

DECATUR

Borrower State

IL

Borrower Zip

62526-1111

Loan Status Date

02/23/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

999000.00

Current Approval Amount

999000.00

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

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

DECATUR

Project County Name

MACON

Project State

IL

Project Zip

62526-1111

CD

IL-15

Jobs Reported

72

NAICS Code

423610

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

49950.00

Payroll Proceed

899100.00

Mortgage Interest Proceed

49950.00

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

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

1006714.50

Forgiveness Date

01/12/2021

;