# PPP loan: SRU ELECTRIC, INC
> **$1.11M** approved 04/08/2020 · Paid in Full · Loan `7853227005`
## Borrower
- **Name:** SRU ELECTRIC, INC
- **Address:** 680 INDUSTRIAL DR Unit 2, CARY, IL, 60013-1944
- **NAICS:** 237130
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.11M
- **Initial approval:** $1.11M
- **Forgiven:** $1.11M (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $830K
- **Mortgage interest:** $166K
- **Utilities:** $111K
- **Jobs reported:** 124
## Lender
- **Originating:** Village Bank and Trust, National Association
- **Servicing:** Village Bank and Trust, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*