# PPP loan: LODAN ELECTRONICS INC.
> **$340K** approved 01/29/2021 · Paid in Full · Loan `8196938300`
## Borrower
- **Name:** LODAN ELECTRONICS INC.
- **Address:** 3311 N Kennicott Ave, Arlington Heights, IL, 60004-1429
- **NAICS:** 334419
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $340K
- **Initial approval:** $340K
- **Forgiven:** $343K (101%)
- **Forgiveness date:** 03/23/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $340K
- **Jobs reported:** 30
## Lender
- **Originating:** CIBC Bank USA
- **Servicing:** CIBC Bank USA (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*