# PPP loan: PROGRESSIVE ELECTRONICS INC
> **$949K** approved 04/08/2020 · Paid in Full · Loan `8017687002`
## Borrower
- **Name:** PROGRESSIVE ELECTRONICS INC
- **Address:** 602 ARLINGTON AVE, RAYTOWN, MO, 64133-3816
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $949K
- **Initial approval:** $949K
- **Forgiven:** $955K (101%)
- **Forgiveness date:** 11/12/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $949K
- **Jobs reported:** 74
## Lender
- **Originating:** Arvest Bank
- **Servicing:** Arvest Bank (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*