PPP Loan information for Norman electric inc

$105,466

Norman electric inc was initially approved for PPP Loan of amount $105,466, the current approved amount is $105,466. The loan was approved on 04/14/2020 by The Old Plank Trail Community Bank, National Association reported 8 jobs and $105,466 was used to fund payroll.

Norman electric inc is New Business or 2 years or less

PPP Loan Search / IL / LYNWOOD / Norman electric inc

NORMAN ELECTRIC INC

Date Approved

04/14/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

NORMAN ELECTRIC INC

Borrower Address

3149 GLENWOOD DYER RD

Borrower City

LYNWOOD

Borrower State

IL

Borrower Zip

60411-9700

Loan Status Date

03/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

105466.00

Current Approval Amount

105466.00

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

Y

Business Age Description

New Business or 2 years or less

Project City

LYNWOOD

Project County Name

COOK

Project State

IL

Project Zip

60411-9700

CD

IL-02

Jobs Reported

8

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

13183.25

Payroll Proceed

79099.50

Mortgage Interest Proceed

0.00

Rent Proceed

13183.25

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

438799

Originating Lender

Old Plank Trail Community Bank, National Association

Originating Lender City

MOKENA

Originating Lender State

IL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

106289.22

Forgiveness Date

01/28/2021

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