PPP Loan information for Rag's electric inc.

$448,275

Rag's electric inc. was initially approved for PPP Loan of amount $448,275, the current approved amount is $448,275. The loan was approved on 04/17/2021 by The Old Second National Bank reported 12 jobs and $448,275 was used to fund payroll.

Rag's electric inc. is Existing or more than 2 years old

PPP Loan Search / IL / Woodridge / Rag's electric inc.

RAG'S ELECTRIC INC.

Date Approved

04/17/2021

SBA Office Code

0507

Processing Method

PPS

Borrower Name

RAG'S ELECTRIC INC.

Borrower Address

6805 Hobson Valley Dr Ste 105

Borrower City

Woodridge

Borrower State

IL

Borrower Zip

60517-1446

Loan Status Date

01/06/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

448275.00

Current Approval Amount

448275.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

20282

Servicing Lender Name

Old Second National Bank

Servicing Lender Address

37 S River St

Servicing Lender City

AURORA

Servicing Lender State

IL

Servicing Lender Zip

60506-4173

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Woodridge

Project County Name

DUPAGE

Project State

IL

Project Zip

60517-1446

CD

IL-11

Jobs Reported

12

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

448271.00

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

20282

Originating Lender

Old Second National Bank

Originating Lender City

AURORA

Originating Lender State

IL

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

451325.76

Forgiveness Date

12/22/2021

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