PPP Loan information for Nu-way electronics

$267,250

Nu-way electronics was initially approved for PPP Loan of amount $267,250, the current approved amount is $267,250. The loan was approved on 05/22/2020 by The Old National Bank reported 28 jobs and $267,250 was used to fund payroll.

Nu-way electronics is Existing or more than 2 years old

NU-WAY ELECTRONICS

Date Approved

05/22/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

NU-WAY ELECTRONICS

Borrower Address

165 Martin Ln

Borrower City

Elk Grove Village

Borrower State

IL

Borrower Zip

60007-1309

Loan Status Date

01/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

267250.00

Current Approval Amount

267250.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

21641

Servicing Lender Name

Old National Bank

Servicing Lender Address

One Main St

Servicing Lender City

EVANSVILLE

Servicing Lender State

IN

Servicing Lender Zip

47708-1449

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Elk Grove Village

Project County Name

COOK

Project State

IL

Project Zip

60007-1309

CD

IL-08

Jobs Reported

28

NAICS Code

334419

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

267250.00

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

Subchapter S Corporation

Originating Lender Location Id

21641

Originating Lender

Old National Bank

Originating Lender City

EVANSVILLE

Originating Lender State

IN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

268563.98

Forgiveness Date

11/20/2020

;