# PPP loan: KELLENBERGER ELECTRIC, INC.
> **$944K** approved 04/07/2020 · Paid in Full · Loan `7297137000`
## Borrower
- **Name:** KELLENBERGER ELECTRIC, INC.
- **Address:** 1540 FLEETWOOD DR, ELGIN, IL, 60123-7127
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $944K
- **Initial approval:** $944K
- **Forgiven:** $950K (101%)
- **Forgiveness date:** 12/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $708K
- **Rent:** $142K
- **Utilities:** $94K
- **Jobs reported:** 78
## Lender
- **Originating:** St. Charles Bank & Trust Company, National Association
- **Servicing:** St. Charles 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*