PPP Loan information for Mac electrical contractors inc

$316,300

Mac electrical contractors inc was initially approved for PPP Loan of amount $316,300, the current approved amount is $316,300. The loan was approved on 04/08/2020 by The Cornerstone National Bank & Trust Company reported 22 jobs and $316,300 was used to fund payroll.

Mac electrical contractors inc is Existing or more than 2 years old

PPP Loan Search / IL / ELGIN / Mac electrical contractors inc

MAC ELECTRICAL CONTRACTORS INC

Date Approved

04/08/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

MAC ELECTRICAL CONTRACTORS INC

Borrower Address

194 N EDISON AVE

Borrower City

ELGIN

Borrower State

IL

Borrower Zip

60123-5215

Loan Status Date

01/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

316300.00

Current Approval Amount

316300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

203014

Servicing Lender Name

Cornerstone National Bank & Trust Company

Servicing Lender Address

One W Northwest Hwy

Servicing Lender City

PALATINE

Servicing Lender State

IL

Servicing Lender Zip

60067-3570

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ELGIN

Project County Name

KANE

Project State

IL

Project Zip

60123-5215

CD

IL-08

Jobs Reported

22

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

253040.00

Mortgage Interest Proceed

0.00

Rent Proceed

63260.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

203014

Originating Lender

Cornerstone National Bank & Trust Company

Originating Lender City

PALATINE

Originating Lender State

IL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

318496.53

Forgiveness Date

12/23/2020

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