Mid-Illinois Electric, INC

$257,700 PPP Loan in Pontiac, Illinois

Loan Details

Loan Number
5099897103
Date Approved
Apr 13, 2020
Loan Status
Paid in Full
Initial Approval
$257,700
Current Approval
$257,700
Forgiveness Amount
$260,284
Forgiveness Date
Apr 22, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Mid-Illinois Electric, INC
Address
3 Industrial Ct
ZIP Code
61764-9234
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
9
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
IL-02

Loan Use Breakdown

Payroll
$245,638
Rent
$9,600
Utilities
$2,462

Lender Information

Servicing Lender
Bank of Pontiac
Originating Lender
Bank of Pontiac

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