# PPP loan: SIEVERT ELECTRIC SERVICE & SALES CO INC
> **$1.93M** approved 04/09/2020 · Paid in Full · Loan `1021597109`
## Borrower
- **Name:** SIEVERT ELECTRIC SERVICE & SALES CO INC
- **Address:** 1230 Hannah Ave 0.0, Forest Park, IL, 60130-2448
- **NAICS:** 333923
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.93M
- **Initial approval:** $1.93M
- **Forgiven:** $1.95M (101%)
- **Forgiveness date:** 09/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.63M
- **Rent:** $40K
- **Utilities:** $7K
- **Health care:** $250K
- **Jobs reported:** 75
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*