PPP Loan information for Electrical concepts, llc

$168,500

Electrical concepts, llc was initially approved for PPP Loan of amount $168,500, the current approved amount is $168,500. The loan was approved on 04/04/2020 by The Ohnward Bank & Trust reported 17 jobs and $168,500 was used to fund payroll.

Electrical concepts, llc is Existing or more than 2 years old

PPP Loan Search / IA / CEDAR RAPIDS / Electrical concepts, llc

ELECTRICAL CONCEPTS, LLC

Date Approved

04/04/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

ELECTRICAL CONCEPTS, LLC

Borrower Address

5325 18TH AVE

Borrower City

CEDAR RAPIDS

Borrower State

IA

Borrower Zip

52404-1202

Loan Status Date

01/30/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

168500.00

Current Approval Amount

168500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24584

Servicing Lender Name

Ohnward Bank & Trust

Servicing Lender Address

332 1st Ave W

Servicing Lender City

CASCADE

Servicing Lender State

IA

Servicing Lender Zip

52033-7721

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

CEDAR RAPIDS

Project County Name

LINN

Project State

IA

Project Zip

52404-1202

CD

IA-02

Jobs Reported

17

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

128100.00

Mortgage Interest Proceed

0.00

Rent Proceed

20000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

10000.00

Debt Interest Proceed

10400

Business Type

Limited Liability Company(LLC)

Originating Lender Location Id

24584

Originating Lender

Ohnward Bank & Trust

Originating Lender City

CASCADE

Originating Lender State

IA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

169455.60

Forgiveness Date

11/03/2020

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