# PPP loan: VAN-MACK ELECTRIC CO,
> **$156K** approved 04/13/2020 · Paid in Full · Loan `5407777105`
## Borrower
- **Name:** VAN-MACK ELECTRIC CO,
- **Address:** 1225 Channahon Rd Unit 3, Rockdale, IL, 60436-8569
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $156K
- **Initial approval:** $156K
- **Forgiven:** $157K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $156K
- **Jobs reported:** 9
## Lender
- **Originating:** First Midwest Bank, A Division of Old National Bank
- **Servicing:** Old National Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*