Schumacher Electric Corporation
$1,964,000 PPP Loan in Mount Prospect, Illinois
Loan Details
- Loan Number
- 4610227203
- Date Approved
- Apr 27, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $1,964,000
- Current Approval
- $1,964,000
- Forgiveness Amount
- $1,986,968
- Forgiveness Date
- Jul 2, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Schumacher Electric Corporation
- Address
- 801 E Business Center Dr
- City
- Mount Prospect
- State
- Illinois
- ZIP Code
- 60056-2179
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Manufacturing (335999)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 126
- Estimated Revenue
- $33.0M
- Rural/Urban
- Urban
- Congressional District
- IL-05
Loan Use Breakdown
- Payroll
- $1,964,000
Lender Information
- Servicing Lender
- Lake Michigan Cu
- Originating Lender
- Pilot Bank
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