# PPP loan: AMPERE ELECTRIC COMPANY
> **$382K** approved 04/15/2020 · Paid in Full · Loan `2049097206`
## Borrower
- **Name:** AMPERE ELECTRIC COMPANY
- **Address:** 25553 W. Wolfs Crossing Road Unit GH, PLAINFIELD, IL, 60585
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $382K
- **Initial approval:** $425K
- **Forgiven:** $386K (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $382K
- **Jobs reported:** 12
## Lender
- **Originating:** First American Bank
- **Servicing:** First American Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*