PPP Loan information for Ideal contracting l.l.c.

$10,000,000

Ideal contracting l.l.c. was initially approved for PPP Loan of amount $10,000,000, the current approved amount is $10,000,000. The loan was approved on 04/06/2020 by The The Huntington National Bank reported 417 jobs and $10,000,000 was used to fund payroll.

Ideal contracting l.l.c. is Existing or more than 2 years old

IDEAL CONTRACTING L.L.C.

Date Approved

04/06/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

IDEAL CONTRACTING L.L.C.

Borrower Address

2525 Clark St

Borrower City

DETROIT

Borrower State

MI

Borrower Zip

48209-1337

Loan Status Date

08/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

10000000.00

Current Approval Amount

10000000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

57328

Servicing Lender Name

The Huntington National Bank

Servicing Lender Address

17 S High St.

Servicing Lender City

COLUMBUS

Servicing Lender State

OH

Servicing Lender Zip

43215-3413

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

DETROIT

Project County Name

WAYNE

Project State

MI

Project Zip

48209-1337

CD

MI-13

Jobs Reported

417

NAICS Code

236220

Race

White

Ethnicity

Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

10000000.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Limited Liability Company(LLC)

Originating Lender Location Id

57328

Originating Lender

The Huntington National Bank

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

10110958.90

Forgiveness Date

06/11/2021

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