# PPP loan: RETHINK ELECTRIC, LLC
> **$791K** approved 04/05/2020 · Paid in Full · Loan `5542717003`
## Borrower
- **Name:** RETHINK ELECTRIC, LLC
- **Address:** 850 N Central Ave, WOOD DALE, IL, 60191-1232
- **NAICS:** 238210
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $791K
- **Initial approval:** $791K
- **Forgiven:** $567K (72%)
- **Forgiveness date:** 11/10/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $781K
- **Utilities:** $10K
- **Jobs reported:** 66
## Lender
- **Originating:** Midland States Bank
- **Servicing:** Midland States Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*