# PPP loan: VALLEY ELECTRICAL CONTRACTORS INC.
> **$362K** approved 03/17/2021 · Paid in Full · Loan `3577458604`
## Borrower
- **Name:** VALLEY ELECTRICAL CONTRACTORS INC.
- **Address:** 4485 State Route 71, Oswego, IL, 60543-8343
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $362K
- **Initial approval:** $362K
- **Forgiven:** $365K (101%)
- **Forgiveness date:** 01/04/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $362K
- **Utilities:** $1
- **Jobs reported:** 24
## Lender
- **Originating:** Hometown National Bank
- **Servicing:** Hometown National Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*