PPP Loan information for Taylor electric company

$1,500,000

Taylor electric company was initially approved for PPP Loan of amount $1,500,000, the current approved amount is $1,500,000. The loan was approved on 04/06/2020 by The Busey Bank reported 60 jobs and $1,500,000 was used to fund payroll.

Taylor electric company is Unanswered

PPP Loan Search / IL / CHICAGO / Taylor electric company

TAYLOR ELECTRIC COMPANY

Date Approved

04/06/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

TAYLOR ELECTRIC COMPANY

Borrower Address

7811 S Stony Island Ave

Borrower City

CHICAGO

Borrower State

IL

Borrower Zip

60649-4911

Loan Status Date

07/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1500000.00

Current Approval Amount

1500000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

22749

Servicing Lender Name

Busey Bank

Servicing Lender Address

100 W University Ave

Servicing Lender City

CHAMPAIGN

Servicing Lender State

IL

Servicing Lender Zip

61820-3910

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Unanswered

Project City

CHICAGO

Project County Name

COOK

Project State

IL

Project Zip

60649-4911

CD

IL-01

Jobs Reported

60

NAICS Code

238210

Race

Black or African American

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

1125000.00

Mortgage Interest Proceed

0.00

Rent Proceed

375000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

22749

Originating Lender

Busey Bank

Originating Lender City

CHAMPAIGN

Originating Lender State

IL

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1517219.18

Forgiveness Date

06/11/2021

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