# PPP loan: AVONDALE ELECTRIC
> **$512K** approved 04/30/2020 · Paid in Full · Loan `5895567306`
## Borrower
- **Name:** AVONDALE ELECTRIC
- **Address:** 1475 Brummel, Elk grove village, IL, 60007
- **NAICS:** 236220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $512K
- **Initial approval:** $512K
- **Forgiven:** $519K (101%)
- **Forgiveness date:** 09/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $236K
- **Rent:** $46K
- **Mortgage interest:** $15K
- **Utilities:** $118K
- **Health care:** $97K
- **Jobs reported:** 45
## Lender
- **Originating:** American Express National Bank
- **Servicing:** American Express National Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*