# PPP loan: ECHELON DESIGN INC
> **$420K** approved 01/22/2021 · Paid in Full · Loan `3522678309`
## Borrower
- **Name:** ECHELON DESIGN INC
- **Address:** 41 Prairie Pkwy, Gilberts, IL, 60136-4039
- **NAICS:** 541890
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $420K
- **Initial approval:** $420K
- **Forgiven:** $424K (101%)
- **Forgiveness date:** 12/14/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $420K
- **Utilities:** $1
- **Jobs reported:** 14
## Lender
- **Originating:** First American Bank
- **Servicing:** First American Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*