PPP Loan information for Rad electric llc

$125,000

Rad electric llc was initially approved for PPP Loan of amount $125,000, the current approved amount is $125,000. The loan was approved on 04/10/2020 by The Old Plank Trail Community Bank, National Association reported 5 jobs and $125,000 was used to fund payroll.

Rad electric llc is Existing or more than 2 years old

PPP Loan Search / IL / CALUMET CITY / Rad electric llc

RAD ELECTRIC LLC

Date Approved

04/10/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

RAD ELECTRIC LLC

Borrower Address

495 Burnham

Borrower City

CALUMET CITY

Borrower State

IL

Borrower Zip

60409

Loan Status Date

06/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

125000.00

Current Approval Amount

125000.00

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

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

CALUMET CITY

Project County Name

COOK

Project State

IL

Project Zip

60409-0001

CD

IL-02

Jobs Reported

5

NAICS Code

237130

Race

Black or African American

Ethnicity

Not Hispanic or Latino

Utilities Proceed

12500.00

Payroll Proceed

93750.00

Mortgage Interest Proceed

0.00

Rent Proceed

18750.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Limited Liability Company(LLC)

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

126329.86

Forgiveness Date

05/06/2021

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