PPP Loan information for Midwestern electric company, inc.

Date Approved

04/06/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

MIDWESTERN ELECTRIC COMPANY, INC.

Borrower Address

15550 Kedzie

Borrower City

MARKHAM

Borrower State

IL

Borrower Zip

60428-3904

Loan Status Date

03/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

145000.00

Current Approval Amount

145000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

438799

Servicing Lender Name

Old Plank Trail Community Bank, National Association

Servicing Lender Address

20012 Wolf Rd

Servicing Lender City

MOKENA

Servicing Lender State

IL

Servicing Lender Zip

60448-9953

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MARKHAM

Project County Name

COOK

Project State

IL

Project Zip

60428-3904

CD

IL-02

Jobs Reported

8

NAICS Code

423610

Race

Unanswered

Ethnicity

Hispanic or Latino

Utilities Proceed

18125.00

Payroll Proceed

108750.00

Mortgage Interest Proceed

0.00

Rent Proceed

18125.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

438799

Originating Lender

Old Plank Trail Community Bank, National Association

Originating Lender City

MOKENA

Originating Lender State

IL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

146244.58

Forgiveness Date

02/25/2021