PPP Loan information for Prospect electric company

$437,200

Prospect electric company was initially approved for PPP Loan of amount $437,200, the current approved amount is $437,200. The loan was approved on 04/07/2020 by The Village Bank and Trust, National Association reported 13 jobs and $437,200 was used to fund payroll.

Prospect electric company is Existing or more than 2 years old

PPP Loan Search / IL / SCHAUMBURG / Prospect electric company

PROSPECT ELECTRIC COMPANY

Date Approved

04/07/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

PROSPECT ELECTRIC COMPANY

Borrower Address

516 Morse Ave

Borrower City

SCHAUMBURG

Borrower State

IL

Borrower Zip

60193-4530

Loan Status Date

06/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

437200.00

Current Approval Amount

437200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

119325

Servicing Lender Name

Village Bank and Trust, National Association

Servicing Lender Address

234 W Northwest Hwy

Servicing Lender City

ARLINGTON HEIGHTS

Servicing Lender State

IL

Servicing Lender Zip

60004-5934

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SCHAUMBURG

Project County Name

COOK

Project State

IL

Project Zip

60193-4530

CD

IL-08

Jobs Reported

13

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

54650.00

Payroll Proceed

327900.00

Mortgage Interest Proceed

0.00

Rent Proceed

54650.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

119325

Originating Lender

Village Bank and Trust, National Association

Originating Lender City

ARLINGTON HEIGHTS

Originating Lender State

IL

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

442033.49

Forgiveness Date

05/21/2021

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