Independent Electric Contractors, Inc.

$238,300 PPP Loan in Wauconda, Illinois

Loan Details

Loan Number
7716087004
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$238,300
Current Approval
$238,300
Forgiveness Amount
$239,791
Forgiveness Date
Jan 12, 2022
Term
24 months
Draw
First Draw

Business Information

Business Name
Independent Electric Contractors, Inc.
Address
1000 N Rand Rd Suite 122
ZIP Code
60084-1163
Business Type
Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
19
Estimated Revenue
$6.3M
Rural/Urban
Urban
Congressional District
IL-11

Loan Use Breakdown

Payroll
$178,725
Rent
$35,745
Utilities
$23,830

Lender Information

Servicing Lender
Crystal Lake Bank & Trust Company, National Association
Originating Lender
Crystal Lake Bank & Trust Company, National Association

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