# PPP loan: WALLACE ELECTRICAL SYSTEMS, L.L.C.
> **$490K** approved 04/05/2020 · Paid in Full · Loan `5096717002`
## Borrower
- **Name:** WALLACE ELECTRICAL SYSTEMS, L.L.C.
- **Address:** 2853 KEN GRAY BLVD Suite 4, WEST FRANKFORT, IL, 62896-4183
- **NAICS:** 333131
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $490K
- **Initial approval:** $490K
- **Forgiven:** $490K (100%)
- **Forgiveness date:** 02/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $490K
- **Jobs reported:** 54
## Lender
- **Originating:** Peoples National Bank, National Association
- **Servicing:** Peoples National Bank, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*