# PPP loan: PRO-ARC ELECTRICAL CONSTRUCTION  CO.
> **$950K** approved 03/18/2021 · Paid in Full · Loan `4489418608`
## Borrower
- **Name:** PRO-ARC ELECTRICAL CONSTRUCTION  CO.
- **Address:** 1229 E Algonquin Rd Ste B, Arlington Heights, IL, 60005-4753
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $950K
- **Initial approval:** $950K
- **Forgiven:** $956K (101%)
- **Forgiveness date:** 10/25/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $950K
- **Utilities:** $1
- **Jobs reported:** 29
## Lender
- **Originating:** Fifth Third Bank
- **Servicing:** Fifth Third Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*