# PPP loan: OLSUN ELECTRICS CORPORATION
> **$1.11M** approved 01/27/2021 · Paid in Full · Loan `7142818310`
## Borrower
- **Name:** OLSUN ELECTRICS CORPORATION
- **Address:** 10901 Commercial St, Richmond, IL, 60071-9642
- **NAICS:** 335311
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.11M
- **Initial approval:** $1.11M
- **Forgiven:** $1.12M (101%)
- **Forgiveness date:** 09/07/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.11M
- **Utilities:** $1
- **Jobs reported:** 79
## Lender
- **Originating:** BMO Bank National Association
- **Servicing:** BMO Bank National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*