# PPP loan: POWER DISTRIBUTION EQUIPMENT CO. INC.
> **$268K** approved 01/26/2021 · Paid in Full · Loan `6051778300`
## Borrower
- **Name:** POWER DISTRIBUTION EQUIPMENT CO. INC.
- **Address:** 3010 Willow St, Franklin Park, IL, 60131-2835
- **NAICS:** 335313
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $268K
- **Initial approval:** $268K
- **Forgiven:** $269K (100%)
- **Forgiveness date:** 06/23/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $268K
- **Jobs reported:** 18
## Lender
- **Originating:** State Bank of the Lakes, National Association
- **Servicing:** State Bank of the Lakes, National Association (IL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*