PPP Loan information for Remco electric corporation

$263,725

Remco electric corporation was initially approved for PPP Loan of amount $263,725, the current approved amount is $263,725. The loan was approved on 02/02/2021 by The Morton Community Bank reported 13 jobs and $263,725 was used to fund payroll.

Remco electric corporation is Existing or more than 2 years old

PPP Loan Search / IL / Champaign / Remco electric corporation

REMCO ELECTRIC CORPORATION

Date Approved

02/02/2021

SBA Office Code

0507

Processing Method

PPS

Borrower Name

REMCO ELECTRIC CORPORATION

Borrower Address

903 Francis Dr

Borrower City

Champaign

Borrower State

IL

Borrower Zip

61821-1711

Loan Status Date

08/06/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

263725.00

Current Approval Amount

263725.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

22097

Servicing Lender Name

Morton Community Bank

Servicing Lender Address

721 W Jackson St

Servicing Lender City

MORTON

Servicing Lender State

IL

Servicing Lender Zip

61550-1537

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Champaign

Project County Name

CHAMPAIGN

Project State

IL

Project Zip

61821-1711

CD

IL-13

Jobs Reported

13

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

263723.00

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

22608

Originating Lender

Marine Bank

Originating Lender City

SPRINGFIELD

Originating Lender State

IL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

264845.83

Forgiveness Date

07/20/2021

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