# PPP loan: JOLEN ELECTRIC AND COMMUNICATIONS, INC.
> **$500K** approved 04/28/2020 · Paid in Full · Loan `6375907204`
## Borrower
- **Name:** JOLEN ELECTRIC AND COMMUNICATIONS, INC.
- **Address:** 3259 Holeman Ave, South Chicago Heights, IL, 60411-5515
- **NAICS:** 236220
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $500K
- **Initial approval:** $500K
- **Forgiven:** $503K (101%)
- **Forgiveness date:** 11/25/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $500K
- **Jobs reported:** 28
## Lender
- **Originating:** First Midwest Bank, A Division of Old National Bank
- **Servicing:** Old National Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*