PPP Loan information for Ideal electric inc

$50,000

Ideal electric inc was initially approved for PPP Loan of amount $50,000, the current approved amount is $50,000. The loan was approved on 04/28/2020 by The BMO Harris Bank National Association reported 3 jobs and $50,000 was used to fund payroll.

Ideal electric inc is New Business or 2 years or less

PPP Loan Search / WI / WEST BEND / Ideal electric inc

IDEAL ELECTRIC INC

Date Approved

04/28/2020

SBA Office Code

0563

Processing Method

PPP

Borrower Name

IDEAL ELECTRIC INC

Borrower Address

7028 FAIRFIELD DR

Borrower City

WEST BEND

Borrower State

WI

Borrower Zip

53090

Loan Status Date

09/24/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

50000.00

Current Approval Amount

50000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

21442

Servicing Lender Name

BMO Harris Bank National Association

Servicing Lender Address

111 W Monroe St

Servicing Lender City

CHICAGO

Servicing Lender State

IL

Servicing Lender Zip

60603-4096

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

WEST BEND

Project County Name

WASHINGTON

Project State

WI

Project Zip

53090-1000

CD

WI-05

Jobs Reported

3

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

50000.00

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

21442

Originating Lender

BMO Harris Bank National Association

Originating Lender City

CHICAGO

Originating Lender State

IL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

50667.12

Forgiveness Date

08/31/2021

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