PPP Loan information for Mcwilliams electric company inc

$2,011,900

Mcwilliams electric company inc was initially approved for PPP Loan of amount $2,011,900, the current approved amount is $2,011,900. The loan was approved on 04/08/2020 by The Itasca Bank & Trust Co. reported 40 jobs and $2,011,900 was used to fund payroll.

Mcwilliams electric company inc is Existing or more than 2 years old

PPP Loan Search / IL / SCHAUMBURG / Mcwilliams electric company inc

MCWILLIAMS ELECTRIC COMPANY INC

Date Approved

04/08/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

MCWILLIAMS ELECTRIC COMPANY INC

Borrower Address

1401 RODENBURG RD

Borrower City

SCHAUMBURG

Borrower State

IL

Borrower Zip

60193-3532

Loan Status Date

01/07/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2011900.00

Current Approval Amount

2011900.00

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

40

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

9498.56

Payroll Proceed

1980156.46

Mortgage Interest Proceed

0.00

Rent Proceed

22244.98

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

Unanswered

Non Profit

Forgiveness Amount

2046381.73

Forgiveness Date

12/27/2021

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