PPP Loan information for Park electric motor service inc.

$40,471

Park electric motor service inc. was initially approved for PPP Loan of amount $40,471, the current approved amount is $40,471. The loan was approved on 01/23/2021 by The CIBM Bank reported 4 jobs and $40,471 was used to fund payroll.

Park electric motor service inc. is Existing or more than 2 years old

PPP Loan Search / IL / Danville / Park electric motor service inc.

PARK ELECTRIC MOTOR SERVICE INC.

Date Approved

01/23/2021

SBA Office Code

0507

Processing Method

PPS

Borrower Name

PARK ELECTRIC MOTOR SERVICE INC.

Borrower Address

1204 N Collett St

Borrower City

Danville

Borrower State

IL

Borrower Zip

61832-3111

Loan Status Date

09/29/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

40471.05

Current Approval Amount

40471.05

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

20240

Servicing Lender Name

CIBM Bank

Servicing Lender Address

2913 W Kirby Ave

Servicing Lender City

CHAMPAIGN

Servicing Lender State

IL

Servicing Lender Zip

61821-5301

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Danville

Project County Name

VERMILION

Project State

IL

Project Zip

61832-3111

CD

IL-02

Jobs Reported

4

NAICS Code

423110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

40469.05

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

20240

Originating Lender

CIBM Bank

Originating Lender City

CHAMPAIGN

Originating Lender State

IL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

40696.14

Forgiveness Date

08/18/2021

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