# PPP loan: AMERICAN PRECISION ELECTRONICS INC.
> **$515K** approved 01/23/2021 · Paid in Full · Loan `4601198310`
## Borrower
- **Name:** AMERICAN PRECISION ELECTRONICS INC.
- **Address:** 25W624 Saint Charles Rd, Carol Stream, IL, 60188-2062
- **NAICS:** 334418
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $515K
- **Initial approval:** $515K
- **Forgiven:** $519K (101%)
- **Forgiveness date:** 10/19/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $515K
- **Utilities:** $1
- **Jobs reported:** 58
## Lender
- **Originating:** Cornerstone National Bank & Trust Company
- **Servicing:** Cornerstone National Bank & Trust Company (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*