# PPP loan: BROADWAY ELECTRIC INC.
> **$1.23M** approved 02/13/2021 · Paid in Full · Loan `8163038403`
## Borrower
- **Name:** BROADWAY ELECTRIC INC.
- **Address:** 831 Oakton St, Elk Grove Village, IL, 60007-1918
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.23M
- **Initial approval:** $1.23M
- **Forgiven:** $1.23M (100%)
- **Forgiveness date:** 08/09/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.23M
- **Jobs reported:** 74
## 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*