Illinois Auto Electric Co

$1,214,600 PPP Loan in Naperville, Illinois

Loan Details

Loan Number
9001987009
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$1,214,600
Current Approval
$1,214,600
Forgiveness Amount
$1,227,589
Forgiveness Date
May 6, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Illinois Auto Electric Co
Address
2115 W. Diehl Rd
ZIP Code
60563-2359
Business Type
Corporation
Industry (NAICS)
Manufacturing (332710)
Business Age
Existing or more than 2 years old
Jobs Reported
78
Estimated Revenue
$19.1M
Rural/Urban
Urban
Congressional District
IL-11

Loan Use Breakdown

Payroll
$1,061,265
Rent
$127,790
Utilities
$25,545

Lender Information

Servicing Lender
Old Second National Bank
Originating Lender
Old Second National Bank

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