# PPP loan: IDLEWOOD ELECTRIC SUPPLY, INC.
> **$1.34M** approved 05/01/2020 · Paid in Full · Loan `2441157706`
## Borrower
- **Name:** IDLEWOOD ELECTRIC SUPPLY, INC.
- **Address:** 114 SKOKIE VALLEY RD, HIGHLAND PARK, IL, 60035
- **NAICS:** 423610
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.34M
- **Initial approval:** $1.34M
- **Forgiven:** $1.36M (101%)
- **Forgiveness date:** 05/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.13M
- **Rent:** $141K
- **Utilities:** $45K
- **Health care:** $29K
- **Jobs reported:** 98
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*