PPP Loan information for Republic electric company

$1,023,200

Republic electric company was initially approved for PPP Loan of amount $1,023,200, the current approved amount is $1,023,200. The loan was approved on 04/13/2020 by The American Community Bank & Trust reported 78 jobs and $1,023,200 was used to fund payroll.

Republic electric company is Existing or more than 2 years old

PPP Loan Search / IA / DAVENPORT / Republic electric company

REPUBLIC ELECTRIC COMPANY

Date Approved

04/13/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

REPUBLIC ELECTRIC COMPANY

Borrower Address

737 CHARLOTTE ST

Borrower City

DAVENPORT

Borrower State

IA

Borrower Zip

52803-5724

Loan Status Date

02/06/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1023200.00

Current Approval Amount

1023200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

124396

Servicing Lender Name

American Community Bank & Trust

Servicing Lender Address

1290 Lake Ave

Servicing Lender City

WOODSTOCK

Servicing Lender State

IL

Servicing Lender Zip

60098-7415

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

DAVENPORT

Project County Name

SCOTT

Project State

IA

Project Zip

52803-5724

CD

IA-01

Jobs Reported

78

NAICS Code

423610

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1023200.00

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

124396

Originating Lender

American Community Bank & Trust

Originating Lender City

WOODSTOCK

Originating Lender State

IL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1030902.42

Forgiveness Date

01/20/2021

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