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Olney Quality Electric, Inc.

$58,265 PPP Loan in Olney, Illinois

Loan Details

Loan Number
5345787003
Date Approved
Apr 5, 2020
Loan Status
Paid in Full
Initial Approval
$58,265
Current Approval
$58,265
Forgiveness Amount
$58,609
Forgiveness Date
Feb 12, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Olney Quality Electric, Inc.
Address
1000 W Elm St
City
Olney
State
Illinois
ZIP Code
62450-1139
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
5
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
IL-12

Loan Use Breakdown

Payroll
$43,699
Rent
$500
Utilities
$4,066
Mortgage Interest
$5,000
Debt Interest
$5,000

Lender Information

Servicing Lender
Citizens National Bank of Albion
Originating Lender
Citizens National Bank of Albion

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