PPP Loan information for Linear electric, inc.

$872,573

Linear electric, inc. was initially approved for PPP Loan of amount $872,573, the current approved amount is $872,573. The loan was approved on 04/12/2020 by The Old National Bank reported 43 jobs and $872,573 was used to fund payroll.

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

PPP Loan Search / IL / Orland Park / Linear electric, inc.

LINEAR ELECTRIC, INC.

Date Approved

04/12/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

LINEAR ELECTRIC, INC.

Borrower Address

15346 S 70th Ct

Borrower City

Orland Park

Borrower State

IL

Borrower Zip

60462-5134

Loan Status Date

05/19/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

872572.50

Current Approval Amount

872572.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

21641

Servicing Lender Name

Old National Bank

Servicing Lender Address

One Main St

Servicing Lender City

EVANSVILLE

Servicing Lender State

IN

Servicing Lender Zip

47708-1449

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Orland Park

Project County Name

COOK

Project State

IL

Project Zip

60462-5134

CD

IL-06

Jobs Reported

43

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

872572.50

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

Subchapter S Corporation

Originating Lender Location Id

21641

Originating Lender

Old National Bank

Originating Lender City

EVANSVILLE

Originating Lender State

IN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

757221.45

Forgiveness Date

11/10/2020

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