# PPP loan: M.G. ELECTRIC SERVICE COMPANY
> **$315K** approved 04/27/2020 · Paid in Full · Loan `5387607200`
## Borrower
- **Name:** M.G. ELECTRIC SERVICE COMPANY
- **Address:** 1450 East Algonquin Road, ARLINGTON HEIGHTS, IL, 60005
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $315K
- **Initial approval:** $315K
- **Forgiven:** $293K (93%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $315K
- **Jobs reported:** 14
## Lender
- **Originating:** BMO Bank National Association
- **Servicing:** BMO Bank National Association (IL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*