# PPP loan: P.E.L., INC.
> **$274K** approved 04/15/2020 · Paid in Full · Loan `1937267202`
## Borrower
- **Name:** P.E.L., INC.
- **Address:** 1350 Old Skokie Road, No. 203, Highland Park, IL, 60035
- **NAICS:** 445310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $274K
- **Initial approval:** $274K
- **Forgiven:** $277K (101%)
- **Forgiveness date:** 06/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $233K
- **Rent:** $34K
- **Utilities:** $6K
- **Jobs reported:** 29
## Lender
- **Originating:** Forest Park National Bank and Trust Company
- **Servicing:** Forest Park National Bank and Trust Company (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*