ABCO ELECTRICAL CONSTRUCTION & DESIGN LLC (IL) - 2020 PPP Loan Borrower Profile (# 6304458406)

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

6304458406

SBA Office Code

0507

Processing Method

PPS

Curent Loan Amount

$1,591,200

Date Loan was Approved

Feb 10, 2021

Amount Forgiven

$1,596,592.4

Date Loan was Forgiven

Jun 15, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Payroll Proced

1,591,200

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

249

Business Age Description

Existing or more than 2 years old

Data Source: SBA.