PPP Loan information for Prime electric co. inc.

$2,000,000

Prime electric co. inc. was initially approved for PPP Loan of amount $2,000,000, the current approved amount is $2,000,000. The loan was approved on 01/27/2021 by The American Commercial Bank & Trust, National Association reported 75 jobs and $2,000,000 was used to fund payroll.

Prime electric co. inc. is Existing or more than 2 years old

PPP Loan Search / IL / Chicago / Prime electric co. inc.

PRIME ELECTRIC CO. INC.

Date Approved

01/27/2021

SBA Office Code

0507

Processing Method

PPS

Borrower Name

PRIME ELECTRIC CO. INC.

Borrower Address

255 N California Ave

Borrower City

Chicago

Borrower State

IL

Borrower Zip

60612-1903

Loan Status Date

10/22/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

2000000.00

Current Approval Amount

2000000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

22237

Servicing Lender Name

American Commercial Bank & Trust, National Association

Servicing Lender Address

701 LaSalle St

Servicing Lender City

OTTAWA

Servicing Lender State

IL

Servicing Lender Zip

61350-5011

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Chicago

Project County Name

COOK

Project State

IL

Project Zip

60612-1903

CD

IL-07

Jobs Reported

75

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

2000000.00

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

22237

Originating Lender

American Commercial Bank & Trust, National Association

Originating Lender City

OTTAWA

Originating Lender State

IL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

2011888.89

Forgiveness Date

09/01/2021

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