# PPP loan: LAKEWOOD ELECTRIC & GENERATOR SUPPLY, INC.
> **$179K** approved 04/07/2020 · Paid in Full · Loan `7264507008`
## Borrower
- **Name:** LAKEWOOD ELECTRIC & GENERATOR SUPPLY, INC.
- **Address:** 255 W. 5th Avenue, MILAN, IL, 61264
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $179K
- **Initial approval:** $179K
- **Forgiven:** $180K (101%)
- **Forgiveness date:** 11/09/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $144K
- **Rent:** $8K
- **Utilities:** $4K
- **Health care:** $25K
- **Jobs reported:** 11
## Lender
- **Originating:** IH Mississippi Valley Credit Union
- **Servicing:** IH Mississippi Valley Credit Union (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*