Mcwilliams Electric Company INC

$2,011,900 PPP Loan in Schaumburg, Illinois

Loan Details

Loan Number
8739117008
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$2,011,900
Current Approval
$2,011,900
Forgiveness Amount
$2,046,382
Forgiveness Date
Dec 27, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Mcwilliams Electric Company INC
Address
1401 Rodenburg Rd
ZIP Code
60193-3532
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
40
Estimated Revenue
$13.2M
Rural/Urban
Urban
Congressional District
IL-08

Loan Use Breakdown

Payroll
$1,980,156
Rent
$22,245
Utilities
$9,499

Lender Information

Servicing Lender
Itasca Bank & Trust Co.
Originating Lender
Itasca Bank & Trust Co.

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