Electrol Specialties Company

$562,783 PPP Loan in South Beloit, Illinois

Loan Details

Loan Number
2490938304
Date Approved
Jan 20, 2021
Loan Status
Paid in Full
Initial Approval
$562,783
Current Approval
$562,783
Forgiveness Amount
$566,253
Forgiveness Date
Sep 9, 2021
Term
60 months
Draw
Second Draw

Business Information

Business Name
Electrol Specialties Company
Address
441 Clark St
ZIP Code
61080-1355
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (332999)
Business Age
Existing or more than 2 years old
Jobs Reported
36
Estimated Revenue
$8.8M
Rural/Urban
Urban
Congressional District
IL-16

Loan Use Breakdown

Payroll
$562,783

Lender Information

Servicing Lender
First Mid Bank & Trust, National Association
Originating Lender
First Mid Bank and Trust National Association

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