Austin Electric Inc.

$512,100 PPP Loan in Joliet, Illinois

Loan Details

Loan Number
2364608309
Date Approved
Jan 20, 2021
Loan Status
Paid in Full
Initial Approval
$512,100
Current Approval
$512,100
Forgiveness Amount
$519,981
Forgiveness Date
Aug 4, 2022
Term
60 months
Draw
Second Draw

Business Information

Business Name
Austin Electric Inc.
Address
131 Airport Dr # 1a
City
Joliet
ZIP Code
60431-4793
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
19
Estimated Revenue
$6.3M
Rural/Urban
Urban
Congressional District
IL-14

Loan Use Breakdown

Payroll
$512,096
Utilities
$1

Lender Information

Servicing Lender
Heartland Bank and Trust Company
Originating Lender
Heartland Bank and Trust Company

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