# PPP loan: SRU ELECTRIC INC.
> **$1.26M** approved 01/21/2021 · Paid in Full · Loan `3033348303`
## Borrower
- **Name:** SRU ELECTRIC INC.
- **Address:** 680 Industrial Dr Unit 2, Cary, IL, 60013-2100
- **NAICS:** 237130
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.26M
- **Initial approval:** $1.26M
- **Forgiven:** $1.26M (100%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.26M
- **Jobs reported:** 114
## Lender
- **Originating:** Village Bank and Trust, National Association
- **Servicing:** Village Bank and Trust, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*