# PPP loan: ELECTROL SPECIALTIES COMPANY
> **$563K** approved 01/20/2021 · Paid in Full · Loan `2490938304`
## Borrower
- **Name:** ELECTROL SPECIALTIES COMPANY
- **Address:** 441 Clark St, South Beloit, IL, 61080-1355
- **NAICS:** 332999
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $563K
- **Initial approval:** $563K
- **Forgiven:** $566K (101%)
- **Forgiveness date:** 09/09/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $563K
- **Jobs reported:** 36
## Lender
- **Originating:** First Mid Bank and Trust National Association
- **Servicing:** First Mid Bank & Trust, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*