# PPP loan: LENCO ELECTRONICS INC.
> **$385K** approved 04/15/2020 · Paid in Full · Loan `1953907204`
## Borrower
- **Name:** LENCO ELECTRONICS INC.
- **Address:** 1330 S, Belden St., MCHENRY, IL, 60050-8380
- **NAICS:** 334416
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $385K
- **Initial approval:** $432K
- **Forgiven:** $321K (83%)
- **Forgiveness date:** 12/08/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $385K
- **Jobs reported:** 35
## Lender
- **Originating:** Byline Bank
- **Servicing:** Byline Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*