Swedberg Electrical

$598,000 PPP Loan in Sycamore, Illinois

Loan Details

Loan Number
6119277010
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$598,000
Current Approval
$598,000
Forgiveness Amount
$601,422
Forgiveness Date
Nov 3, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Swedberg Electrical
Address
525 Brickville Rd
ZIP Code
60178-1269
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
29
Estimated Revenue
$9.5M
Rural/Urban
Urban
Congressional District
IL-14

Loan Use Breakdown

Payroll
$473,930
Rent
$27,000
Utilities
$4,740
Health Care
$92,330

Lender Information

Servicing Lender
Resource Bank, National Association
Originating Lender
Resource Bank, National Association

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