A.R.M. ELECTRIC COMPANY INC. (IL) - 2020 PPP Loan Borrower Profile (# 1057088401)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to A.R.M. ELECTRIC COMPANY INC.. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Illinois.

Loan Detail

Loan Number

1057088401

SBA Office Code

0507

Processing Method

PPS

Curent Loan Amount

$51,757

Date Loan was Approved

Jan 31, 2021

Amount Forgiven

$52,121.92

Date Loan was Forgiven

Oct 20, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Payroll Proced

51,756

Lender

JPMorgan Chase Bank, National Association

Business Detail

Business Type

Subchapter S Corporation

NAICS

238210

Borrower Location

Wonder Lake, IL

Project Location

Wonder Lake, IL

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.