ADS ELECTRIC COMPANY LLC (IL) - 2020 PPP Loan Borrower Profile (# 1418928302)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADS ELECTRIC COMPANY 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

1418928302

SBA Office Code

0507

Processing Method

PPS

Curent Loan Amount

$43,785

Date Loan was Approved

Jan 17, 2021

Amount Forgiven

$44,082.5

Date Loan was Forgiven

Sep 28, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

43,783

Lender

The FNB Community Bank

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

238210

Borrower Location

Vandalia, IL

Project Location

Vandalia, IL

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.