# PPP loan: ELORAC INC.
> **$152K** approved 01/26/2021 · Paid in Full · Loan `5878268304`
## Borrower
- **Name:** ELORAC INC.
- **Address:** 100 N Fairway Dr Ste 134, Vernon Hills, IL, 60061-1859
- **NAICS:** 541715
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $152K
- **Initial approval:** $152K
- **Forgiven:** $153K (101%)
- **Forgiveness date:** 12/14/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $152K
- **Jobs reported:** 9
## Lender
- **Originating:** CIBC Bank USA
- **Servicing:** CIBC Bank USA (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*