# PPP loan: MCWILLIAMS ELECTRIC COMPANY
> **$2.00M** approved 02/24/2021 · Exemption 4 · Loan `3460428504`
## Borrower
- **Name:** MCWILLIAMS ELECTRIC COMPANY
- **Address:** 1401 Rodenburg Rd, Schaumburg, IL, 60193-3532
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.00M
- **Initial approval:** $2.00M
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $2.00M
- **Utilities:** $1
- **Jobs reported:** 48
## Lender
- **Originating:** Itasca Bank & Trust Co.
- **Servicing:** Itasca Bank & Trust Co. (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*