# PPP loan: PALOS ELECTRIC COMPANY, INC
> **$1.40M** approved 06/05/2020 · Paid in Full · Loan `8327347806`
## Borrower
- **Name:** PALOS ELECTRIC COMPANY, INC
- **Address:** 14030 S KILDARE AVE, CRESTWOOD, IL, 60418
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.40M
- **Initial approval:** $1.40M
- **Forgiven:** $1.42M (101%)
- **Forgiveness date:** 07/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.40M
- **Jobs reported:** 46
## Lender
- **Originating:** Republic Bank of Chicago
- **Servicing:** Republic Bank of Chicago (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*