# PPP loan: KALISH ELECTRIC CO.
> **$288K** approved 01/23/2021 · Paid in Full · Loan `4631448303`
## Borrower
- **Name:** KALISH ELECTRIC CO.
- **Address:** 504 Lunt Ave, Schaumburg, IL, 60193-4450
- **NAICS:** 238990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $288K
- **Initial approval:** $288K
- **Forgiven:** $290K (101%)
- **Forgiveness date:** 10/26/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $288K
- **Utilities:** $1
- **Jobs reported:** 12
## Lender
- **Originating:** Itasca Bank & Trust Co.
- **Servicing:** Itasca Bank & Trust Co. (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*