Rainbow Electric Motors Co., Inc.
$115,000 PPP Loan in Franklin Park, Illinois
Loan Details
- Loan Number
- 5320757009
- Date Approved
- Apr 5, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $115,000
- Current Approval
- $115,000
- Forgiveness Amount
- $115,802
- Forgiveness Date
- Dec 23, 2020
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Rainbow Electric Motors Co., Inc.
- Address
- 2910 Birch Street
- City
- Franklin Park
- State
- Illinois
- ZIP Code
- 60131-3006
- Business Type
- Corporation
- Industry (NAICS)
- Other Services (except Public Administration) (811219)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 13
- Estimated Revenue
- <$5M
- Rural/Urban
- Urban
- Congressional District
- IL-04
Loan Use Breakdown
- Payroll
- $86,250
- Utilities
- $14,375
- Mortgage Interest
- $14,375
Lender Information
- Servicing Lender
- Libertyville Bank & Trust Company, National Association
- Originating Lender
- Libertyville Bank & Trust Company, National Association
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