Terrance Electric & Technology, Inc.

$2,700,000 PPP Loan in Bensenville, Illinois

Loan Details

Loan Number
7601067107
Date Approved
Apr 14, 2020
Loan Status
Paid in Full
Initial Approval
$2,700,000
Current Approval
$2,700,000
Forgiveness Amount
$2,744,550
Forgiveness Date
Dec 16, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Terrance Electric & Technology, Inc.
Address
1003 Fairway Drive
ZIP Code
60106
Business Type
Corporation
Industry (NAICS)
Wholesale Trade (423610)
Business Age
Existing or more than 2 years old
Jobs Reported
100
Estimated Revenue
$30.6M
Rural/Urban
Urban
Congressional District
IL-03

Loan Use Breakdown

Payroll
$2,700,000

Lender Information

Servicing Lender
Fifth Third Bank
Originating Lender
Fifth Third Bank

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