PPP Loan information for American electric construction company llc

$1,939,009

American electric construction company llc was initially approved for PPP Loan of amount $1,939,009, the current approved amount is $1,939,009. The loan was approved on 02/04/2021 by The Lakeside Bank reported 83 jobs and $1,939,009 was used to fund payroll.

American electric construction company llc is Existing or more than 2 years old

PPP Loan Search / IL / Schaumburg / American electric construction company llc

AMERICAN ELECTRIC CONSTRUCTION COMPANY LLC

Date Approved

02/04/2021

SBA Office Code

0507

Processing Method

PPS

Borrower Name

AMERICAN ELECTRIC CONSTRUCTION COMPANY LLC

Borrower Address

620 Pratt Ave N

Borrower City

Schaumburg

Borrower State

IL

Borrower Zip

60193-4557

Loan Status Date

10/08/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1939009.00

Current Approval Amount

1939009.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

20835

Servicing Lender Name

Lakeside Bank

Servicing Lender Address

55 W Wacker Dr

Servicing Lender City

CHICAGO

Servicing Lender State

IL

Servicing Lender Zip

60601-1609

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Schaumburg

Project County Name

COOK

Project State

IL

Project Zip

60193-4557

CD

IL-08

Jobs Reported

83

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

1939006.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

20835

Originating Lender

Lakeside Bank

Originating Lender City

CHICAGO

Originating Lender State

IL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1951073.94

Forgiveness Date

09/22/2021

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