PPP Loan information for Pro-arc electrical construction co.

$950,000

Pro-arc electrical construction co. was initially approved for PPP Loan of amount $950,000, the current approved amount is $950,000. The loan was approved on 03/18/2021 by The Fifth Third Bank reported 29 jobs and $950,000 was used to fund payroll.

Pro-arc electrical construction co. is Existing or more than 2 years old

PPP Loan Search / IL / Arlington Heights / Pro-arc electrical construction co.

PRO-ARC ELECTRICAL CONSTRUCTION CO.

Date Approved

03/18/2021

SBA Office Code

0507

Processing Method

PPS

Borrower Name

PRO-ARC ELECTRICAL CONSTRUCTION CO.

Borrower Address

1229 E Algonquin Rd Ste B

Borrower City

Arlington Heights

Borrower State

IL

Borrower Zip

60005-4753

Loan Status Date

11/20/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

950000.00

Current Approval Amount

950000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

58036

Servicing Lender Name

Fifth Third Bank

Servicing Lender Address

38 Fountain Sq Plz

Servicing Lender City

CINCINNATI

Servicing Lender State

OH

Servicing Lender Zip

45263

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Arlington Heights

Project County Name

COOK

Project State

IL

Project Zip

60005-4753

CD

IL-03

Jobs Reported

29

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

949995.00

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

Corporation

Originating Lender Location Id

58036

Originating Lender

Fifth Third Bank

Originating Lender City

CINCINNATI

Originating Lender State

OH

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

955515.28

Forgiveness Date

10/25/2021

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