Electrol Specialties Company
$442,000 PPP Loan in South Beloit, Illinois
Loan Details
- Loan Number
- 9256877002
- Date Approved
- Apr 9, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $442,000
- Current Approval
- $442,000
- Forgiveness Amount
- $446,580
- Forgiveness Date
- Apr 26, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Electrol Specialties Company
- Address
- 441 Clark St
- City
- South Beloit
- State
- Illinois
- ZIP Code
- 61080-1355
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Manufacturing (334419)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 37
- Estimated Revenue
- $9.7M
- Rural/Urban
- Urban
- Congressional District
- IL-16
Loan Use Breakdown
- Payroll
- $421,000
- Rent
- $2,000
- Utilities
- $18,500
- Debt Interest
- $500
Lender Information
- Servicing Lender
- First Mid Bank & Trust, National Association
- Originating Lender
- First Mid Bank and Trust National Association
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