# PPP loan: TOTAL ELECTRIC, INC.
> **$564K** approved 04/30/2020 · Paid in Full · Loan `7550017309`
## Borrower
- **Name:** TOTAL ELECTRIC, INC.
- **Address:** 16308 S 107th Ave #11, Orland Park, IL, 60467
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $564K
- **Initial approval:** $564K
- **Forgiven:** $570K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $315K
- **Health care:** $249K
- **Jobs reported:** 17
## Lender
- **Originating:** Providence Bank & Trust
- **Servicing:** Providence Bank & Trust (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*