# PPP loan: DYNAMIC ELECTRIC INC
> **$800K** approved 04/27/2020 · Paid in Full · Loan `4244947206`
## Borrower
- **Name:** DYNAMIC ELECTRIC INC
- **Address:** 12800 S Cicero Ave, Alsip, IL, 60803-3044
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $800K
- **Initial approval:** $800K
- **Forgiven:** $804K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $800K
- **Jobs reported:** 46
## Lender
- **Originating:** First Midwest Bank, A Division of Old National Bank
- **Servicing:** Old National Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*