# PPP loan: GUS BERTHOLD ELECETRIC CO
> **$560K** approved 01/16/2021 · Paid in Full · Loan `1154198303`
## Borrower
- **Name:** GUS BERTHOLD ELECETRIC CO
- **Address:** 1900 W Carroll Ave, Chicago, IL, 60612-2402
- **NAICS:** 335313
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $560K
- **Initial approval:** $560K
- **Forgiven:** $563K (101%)
- **Forgiveness date:** 09/21/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $560K
- **Jobs reported:** 26
## Lender
- **Originating:** Time Bank
- **Servicing:** Time Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*