# PPP loan: ELECTROFORM COMPANY
> **$444K** approved 02/08/2021 · Paid in Full · Loan `5539188408`
## Borrower
- **Name:** ELECTROFORM COMPANY
- **Address:** 11070 Raleigh Ct, Machesney Park, IL, 61115-1416
- **NAICS:** 333511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $444K
- **Initial approval:** $444K
- **Forgiven:** $446K (101%)
- **Forgiveness date:** 09/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $444K
- **Jobs reported:** 33
## Lender
- **Originating:** Illinois Bank and Trust, A Division of HTLF Bank
- **Servicing:** HTLF Bank (CO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*