PPP Loan information for Mcwilliams electric company

$2,000,000

Mcwilliams electric company was initially approved for PPP Loan of amount $2,000,000, the current approved amount is $2,000,000. The loan was approved on 02/24/2021 by The Itasca Bank & Trust Co. reported 48 jobs and $2,000,000 was used to fund payroll.

Mcwilliams electric company is Existing or more than 2 years old

MCWILLIAMS ELECTRIC COMPANY

Date Approved

02/24/2021

SBA Office Code

0507

Processing Method

PPS

Borrower Name

MCWILLIAMS ELECTRIC COMPANY

Borrower Address

1401 Rodenburg Rd

Borrower City

Schaumburg

Borrower State

IL

Borrower Zip

60193-3532

Loan Status Date

Loan Status

Exemption 4

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

2000000.00

Current Approval Amount

2000000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

21562

Servicing Lender Name

Itasca Bank & Trust Co.

Servicing Lender Address

308 W Irving Park Rd

Servicing Lender City

ITASCA

Servicing Lender State

IL

Servicing Lender Zip

60143-2038

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

60193-3532

CD

IL-08

Jobs Reported

48

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

1999999.00

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

Subchapter S Corporation

Originating Lender Location Id

21562

Originating Lender

Itasca Bank & Trust Co.

Originating Lender City

ITASCA

Originating Lender State

IL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

0.00

Forgiveness Date

;