Albsmeyer Electric, INC

$144,600 PPP Loan in Plainville, Illinois

Loan Details

Loan Number
9686407001
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$144,600
Current Approval
$144,600
Forgiveness Amount
$145,672
Forgiveness Date
Jan 7, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Albsmeyer Electric, INC
Address
1899 53rd Ln
ZIP Code
62365-2003
Business Type
Corporation
Industry (NAICS)
Agriculture, Forestry, Fishing and Hunting (111199)
Business Age
Existing or more than 2 years old
Jobs Reported
16
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
IL-15

Loan Use Breakdown

Payroll
$131,700
Rent
$9,900
Utilities
$3,000

Lender Information

Servicing Lender
Commerce Bank
Originating Lender
Commerce Bank

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