ACDC ELECTRICAL SERVICE INC (IL) - 2020 PPP Loan Borrower Profile (# 5473477401)
Updated on April 18, 2025.
See below the business details and the detail of the 2020 PPP loan given to ACDC ELECTRICAL SERVICE 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
5473477401
SBA Office Code
0507
Processing Method
PPP
Curent Loan Amount
$10,415
Date Loan was Approved
May 12, 2020
Amount Forgiven
$10,507.74
Date Loan was Forgiven
Apr 6, 2021
Loan Status
Paid in Full
Loan Term
24 Months
Utilities Proced
0
Payroll Proced
10,415
Mortgage Interest Proceed
0
Rent Proceed
0
Health Care Proceed
0
Debt Interest Proceed
0
Lender
American Express National Bank
Business Detail
Business Type
Corporation
NAICS
236220
Borrower Location
Chicago, IL
Project Location
Chicago, IL
Rural/Urban
Urban
Hubzone
No
Labor Market Information (LMI)
No
Jobs Reported
5
Business Age Description
Existing or more than 2 years old
Data Source: SBA.
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