# PPP loan: PROGRESSIVE ELECTRONICS INC
> **$750K** approved 02/05/2021 · Paid in Full · Loan `3462638403`
## Borrower
- **Name:** PROGRESSIVE ELECTRONICS INC
- **Address:** 6102 Arlington Ave, Raytown, MO, 64133-3816
- **NAICS:** 811121
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $750K
- **Initial approval:** $750K
- **Forgiven:** $756K (101%)
- **Forgiveness date:** 01/06/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $750K
- **Jobs reported:** 68
## Lender
- **Originating:** Arvest Bank
- **Servicing:** Arvest Bank (AR)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*