Correct Electric Inc.

$432,791 PPP Loan in Newark, Illinois

Loan Details

Loan Number
4320507108
Date Approved
Apr 13, 2020
Loan Status
Paid in Full
Initial Approval
$432,791
Current Approval
$432,791
Forgiveness Amount
$436,650
Forgiveness Date
Mar 5, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Correct Electric Inc.
Address
3 E Front St Po Box 629
City
Newark
ZIP Code
60541
Business Type
Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
26
Estimated Revenue
$8.6M
Rural/Urban
Urban
Congressional District
IL-14

Loan Use Breakdown

Payroll
$432,791

Lender Information

Servicing Lender
Old Second National Bank
Originating Lender
Old Second National Bank

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