# PPP loan: ALL INDUSTRIAL ELECTRIC, INC.
> **$419K** approved 04/06/2020 · Paid in Full · Loan `6076797001`
## Borrower
- **Name:** ALL INDUSTRIAL ELECTRIC, INC.
- **Address:** 432 E. STATE PARKWAY, SCHAUMBURG, IL, 60173-4538
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $419K
- **Initial approval:** $419K
- **Forgiven:** $423K (101%)
- **Forgiveness date:** 03/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $419K
- **Jobs reported:** 28
## Lender
- **Originating:** Union National Bank
- **Servicing:** Union National Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*