# PPP loan: JOSEPH ELECTRONICS INC
> **$516K** approved 03/18/2021 · Paid in Full · Loan `4410658608`
## Borrower
- **Name:** JOSEPH ELECTRONICS INC
- **Address:** 6633 W Howard St, Niles, IL, 60714-3305
- **NAICS:** 423690
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $516K
- **Initial approval:** $516K
- **Forgiven:** $521K (101%)
- **Forgiveness date:** 03/28/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $515K
- **Utilities:** $1
- **Jobs reported:** 38
## Lender
- **Originating:** Byline Bank
- **Servicing:** Byline Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*