# PPP loan: SWEDBERG ELECTRIC INC
> **$710K** approved 02/06/2021 · Paid in Full · Loan `4388198408`
## Borrower
- **Name:** SWEDBERG ELECTRIC INC
- **Address:** 525 Brickville Rd, Sycamore, IL, 60178-1269
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $710K
- **Initial approval:** $710K
- **Forgiven:** $713K (100%)
- **Forgiveness date:** 07/14/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $710K
- **Jobs reported:** 27
## Lender
- **Originating:** Resource Bank, National Association
- **Servicing:** Resource Bank, National Association (IL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*