# PPP loan: THORNE ELECTRIC INC.
> **$610K** approved 04/07/2020 · Paid in Full · Loan `6717647003`
## Borrower
- **Name:** THORNE ELECTRIC INC.
- **Address:** P.O. Box 321, WHEATON, IL, 60187
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $610K
- **Initial approval:** $610K
- **Forgiven:** $614K (101%)
- **Forgiveness date:** 12/10/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $610K
- **Jobs reported:** 31
## Lender
- **Originating:** Wheaton Bank & Trust Company, National Association
- **Servicing:** Wheaton 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*