# PPP loan: BARCOM ELECTRONIC INC - B606118
> **$642K** approved 02/20/2021 · Paid in Full · Loan `2142308503`
## Borrower
- **Name:** BARCOM ELECTRONIC INC - B606118
- **Address:** 923 N Belt W, Swansea, IL, 62226-1712
- **NAICS:** 561621
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $642K
- **Initial approval:** $642K
- **Forgiven:** $645K (100%)
- **Forgiveness date:** 07/16/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $642K
- **Utilities:** $1
- **Jobs reported:** 52
## Lender
- **Originating:** Busey Bank
- **Servicing:** Busey Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*