Area Erectors, Inc.
$3,948,800 PPP Loan in Rockford, Illinois
Loan Details
- Loan Number
- 6898967101
- Date Approved
- Apr 14, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $3,948,800
- Current Approval
- $3,948,800
- Forgiveness Amount
- $3,992,634
- Forgiveness Date
- Jun 8, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Area Erectors, Inc.
- Address
- 2323 Harrison Avenue
- City
- Rockford
- State
- Illinois
- ZIP Code
- 61104-7339
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Construction (238120)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 221
- Estimated Revenue
- $51.1M
- Rural/Urban
- Urban
- Congressional District
- IL-17
Loan Use Breakdown
- Payroll
- $2,961,600
- Utilities
- $987,200
Lender Information
- Servicing Lender
- Northwest Bank of Rockford
- Originating Lender
- Northwest Bank of Rockford
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