Loescher Heating and Air Conditioning

$1,297,500 PPP Loan in Freeport, Illinois

Loan Details

Loan Number
5232837009
Date Approved
Apr 5, 2020
Loan Status
Paid in Full
Initial Approval
$1,297,500
Current Approval
$1,297,500
Forgiveness Amount
$1,305,573
Forgiveness Date
Nov 23, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Loescher Heating and Air Conditioning
Address
1860 S Walnut Rd
ZIP Code
61032-9523
Business Type
Corporation
Industry (NAICS)
Construction (238220)
Business Age
Existing or more than 2 years old
Jobs Reported
56
Estimated Revenue
$17.7M
Rural/Urban
Rural
Congressional District
IL-17

Loan Use Breakdown

Payroll
$973,125
Utilities
$162,188
Mortgage Interest
$162,188

Lender Information

Servicing Lender
State Bank
Originating Lender
State Bank

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