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 04/04/2020 by The Lakeside Bank reported 55 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

04/04/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

AMERICAN ELECTRIC CONSTRUCTION COMPANY, LLC

Borrower Address

620 Pratt Ave.

Borrower City

SCHAUMBURG

Borrower State

IL

Borrower Zip

60193-4557

Loan Status Date

06/04/2021

Loan Status

Paid in Full

Term

24

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

55

NAICS Code

236220

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

20000.00

Payroll Proceed

1600000.00

Mortgage Interest Proceed

0.00

Rent Proceed

60000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

229009.00

Debt Interest Proceed

30000

Business Type

Limited Liability Company(LLC)

Originating Lender Location Id

20835

Originating Lender

Lakeside Bank

Originating Lender City

CHICAGO

Originating Lender State

IL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1960661.27

Forgiveness Date

05/21/2021

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