# PPP loan: LOWER ELECTRIC, LLC
> **$208K** approved 04/05/2020 · Paid in Full · Loan `5357687005`
## Borrower
- **Name:** LOWER ELECTRIC, LLC
- **Address:** 1307 Shermer Road, NORTHBROOK, IL, 60062-4536
- **NAICS:** 221122
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $208K
- **Initial approval:** $208K
- **Forgiven:** $209K (101%)
- **Forgiveness date:** 01/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $156K
- **Mortgage interest:** $26K
- **Utilities:** $26K
- **Jobs reported:** 15
## Lender
- **Originating:** Northbrook Bank & Trust Company, National Association
- **Servicing:** Northbrook Bank & Trust Company, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*