ABCO ELECTRICAL CONSTRUCTION & DESIGN, LLC (IL) - 2020 PPP Loan Borrower Profile (# 3099287109)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ABCO ELECTRICAL CONSTRUCTION & DESIGN, LLC. 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

3099287109

SBA Office Code

0507

Processing Method

PPP

Curent Loan Amount

$4,321,000

Date Loan was Approved

Apr 11, 2020

Amount Forgiven

$4,372,011.81

Date Loan was Forgiven

Jun 15, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

27,954

Payroll Proced

4,263,866

Rent Proceed

29,180

Lender

Providence Bank and Trust

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

238210

Borrower Location

CHICAGO, IL

Project Location

CHICAGO, IL

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

106

Business Age Description

Existing or more than 2 years old

Data Source: SBA.