# PPP loan: KONNECTRONIX, INC.
> **$248K** approved 04/10/2020 · Paid in Full · Loan `2172057102`
## Borrower
- **Name:** KONNECTRONIX, INC.
- **Address:** 2340 Ernie Krueger Circle, WAUKEGAN, IL, 60087-3224
- **NAICS:** 326199
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $248K
- **Initial approval:** $248K
- **Forgiven:** $249K (101%)
- **Forgiveness date:** 11/30/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $186K
- **Rent:** $37K
- **Utilities:** $25K
- **Jobs reported:** 16
## Lender
- **Originating:** Wintrust Bank, National Association
- **Servicing:** Wintrust Bank, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*