PPP Loan information for Ruder electric, inc.

$1,665,763

Ruder electric, inc. was initially approved for PPP Loan of amount $1,665,763, the current approved amount is $1,665,763. The loan was approved on 04/06/2020 by The State Bank of Herscher reported 56 jobs and $1,665,763 was used to fund payroll.

Ruder electric, inc. is Existing or more than 2 years old

PPP Loan Search / IL / KANKAKEE / Ruder electric, inc.

RUDER ELECTRIC, INC.

Date Approved

04/06/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

RUDER ELECTRIC, INC.

Borrower Address

1075 Lesco Rd

Borrower City

KANKAKEE

Borrower State

IL

Borrower Zip

60901-9489

Loan Status Date

06/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1665762.50

Current Approval Amount

1665762.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

21517

Servicing Lender Name

State Bank of Herscher

Servicing Lender Address

10 Tobey Dr

Servicing Lender City

HERSCHER

Servicing Lender State

IL

Servicing Lender Zip

60941-9540

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

KANKAKEE

Project County Name

KANKAKEE

Project State

IL

Project Zip

60901-9489

CD

IL-02

Jobs Reported

56

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

952326.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

713436.50

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

21517

Originating Lender

State Bank of Herscher

Originating Lender City

HERSCHER

Originating Lender State

IL

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

1684317.24

Forgiveness Date

05/21/2021

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