# PPP loan: MKD ELECTRIC, INC.
> **$6.65M** approved 04/06/2020 · Paid in Full · Loan `5626477000`
## Borrower
- **Name:** MKD ELECTRIC, INC.
- **Address:** 2590 Alft Ln. Unit A, ELGIN, IL, 60124-7820
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $6.65M
- **Initial approval:** $6.65M
- **Forgiven:** $6.73M (101%)
- **Forgiveness date:** 05/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $4.99M
- **Utilities:** $832K
- **Health care:** $832K
- **Jobs reported:** 340
## Lender
- **Originating:** St. Charles Bank & Trust Company, National Association
- **Servicing:** St. Charles 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*