# PPP loan: WILLIAM ELEK LTD
> **$515K** approved 02/18/2021 · Paid in Full · Loan `1468058506`
## Borrower
- **Name:** WILLIAM ELEK LTD
- **Address:** 1101 Airport Rd, Allentown, PA, 18109-3362
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $515K
- **Initial approval:** $515K
- **Forgiven:** $518K (101%)
- **Forgiveness date:** 08/27/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $515K
- **Utilities:** $1
- **Jobs reported:** 41
## Lender
- **Originating:** American Bank
- **Servicing:** American Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*