# PPP loan: AMERICAN PRECISION ELECTRONICS
> **$496K** approved 04/11/2020 · Paid in Full · Loan `3171017104`
## Borrower
- **Name:** AMERICAN PRECISION ELECTRONICS
- **Address:** 25w624 SAINT CHARLES RD, CAROL STREAM, IL, 60188-2062
- **NAICS:** 541990
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $496K
- **Initial approval:** $496K
- **Forgiven:** $499K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $397K
- **Rent:** $74K
- **Utilities:** $25K
- **Jobs reported:** 67
## Lender
- **Originating:** Cornerstone National Bank & Trust Company
- **Servicing:** Cornerstone National Bank & Trust Company (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*