# PPP loan: GEARY ELECTRIC, INC.
> **$1.10M** approved 04/06/2020 · Paid in Full · Loan `6345747007`
## Borrower
- **Name:** GEARY ELECTRIC, INC.
- **Address:** 3151 COMMERCIAL AVE, NORTHBROOK, IL, 60062-1905
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.10M
- **Initial approval:** $1.10M
- **Forgiven:** $1.11M (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $823K
- **Mortgage interest:** $261K
- **Utilities:** $14K
- **Jobs reported:** 30
## Lender
- **Originating:** Libertyville Bank & Trust Company, National Association
- **Servicing:** Libertyville Bank & Trust Company, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*