# PPP loan: WOLF ELECTRIC INC
> **$416K** approved 04/14/2020 · Paid in Full · Loan `5770207103`
## Borrower
- **Name:** WOLF ELECTRIC INC
- **Address:** 5925 W 115th St, Alsip, IL, 60803-5151
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $416K
- **Initial approval:** $416K
- **Forgiven:** $421K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $416K
- **Jobs reported:** 4
## Lender
- **Originating:** Grand Ridge National Bank
- **Servicing:** Grand Ridge National Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*