# PPP loan: NU-WAY ELECTRONICS
> **$267K** approved 05/22/2020 · Paid in Full · Loan `1977827808`
## Borrower
- **Name:** NU-WAY ELECTRONICS
- **Address:** 165 Martin Ln, Elk Grove Village, IL, 60007-1309
- **NAICS:** 334419
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $267K
- **Initial approval:** $267K
- **Forgiven:** $269K (100%)
- **Forgiveness date:** 11/20/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $267K
- **Jobs reported:** 28
## Lender
- **Originating:** First Midwest Bank, A Division of Old National Bank
- **Servicing:** Old National Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*