American Electric Construction Company, LLC
$1,939,009 PPP Loan in Schaumburg, Illinois
Loan Details
- Loan Number
- 5020117003
- Date Approved
- Apr 4, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $1,939,009
- Current Approval
- $1,939,009
- Forgiveness Amount
- $1,960,661
- Forgiveness Date
- May 21, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- American Electric Construction Company, LLC
- Address
- 620 Pratt Ave.
- City
- Schaumburg
- State
- Illinois
- ZIP Code
- 60193-4557
- Business Type
- Limited Liability Company(llc)
- Industry (NAICS)
- Construction (236220)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 55
- Estimated Revenue
- $62.7M
- Rural/Urban
- Urban
- Congressional District
- IL-08
Loan Use Breakdown
- Payroll
- $1,600,000
- Rent
- $60,000
- Utilities
- $20,000
- Health Care
- $229,009
- Debt Interest
- $30,000
Lender Information
- Servicing Lender
- Lakeside Bank
- Originating Lender
- Lakeside Bank
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