Taylor Electric Company

$1,500,000 PPP Loan in Chicago, Illinois

Loan Details

Loan Number
5858577005
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$1,500,000
Current Approval
$1,500,000
Forgiveness Amount
$1,517,219
Forgiveness Date
Jun 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Taylor Electric Company
Address
7811 S Stony Island Ave
ZIP Code
60649-4911
Business Type
Corporation
Industry (NAICS)
Construction (238210)
Business Age
Unanswered
Jobs Reported
60
Estimated Revenue
$19.7M
Rural/Urban
Urban
Congressional District
IL-01

Loan Use Breakdown

Payroll
$1,125,000
Rent
$375,000

Lender Information

Servicing Lender
Busey Bank
Originating Lender
Busey Bank

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