# PPP loan: ELECTRONIC SYSTEMS OF WISCONSIN, INC
> **$176K** approved 04/06/2020 · Paid in Full · Loan `6350727006`
## Borrower
- **Name:** ELECTRONIC SYSTEMS OF WISCONSIN, INC
- **Address:** 5020  21ST ST, RACINE, WI, 53406-5027
- **NAICS:** 335312
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $176K
- **Initial approval:** $176K
- **Forgiven:** $177K (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $132K
- **Mortgage interest:** $22K
- **Utilities:** $22K
- **Jobs reported:** 15
## Lender
- **Originating:** Johnson Bank
- **Servicing:** Johnson Bank (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*