# PPP loan: WILLIAM ELEK LTD
> **$513K** approved 04/10/2020 · Paid in Full · Loan `2024367110`
## Borrower
- **Name:** WILLIAM ELEK LTD
- **Address:** 1101 Airport Road, ALLENTOWN, PA, 18109-3362
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $513K
- **Initial approval:** $513K
- **Forgiven:** $515K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $513K
- **Jobs reported:** 36
## Lender
- **Originating:** American Bank
- **Servicing:** American Bank (PA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*