# PPP loan: PROGRESS ELECTRIC COMPANY
> **$272K** approved 04/08/2020 · Paid in Full · Loan `7846627009`
## Borrower
- **Name:** PROGRESS ELECTRIC COMPANY
- **Address:** 5722 S. CENTRAL AVE, CHICAGO, IL, 60638-3709
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $272K
- **Initial approval:** $272K
- **Forgiven:** $274K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $272K
- **Jobs reported:** 16
## Lender
- **Originating:** Lakeside Bank
- **Servicing:** Lakeside Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*