# PPP loan: B&E ELECTRONIX
> **$167K** approved 04/28/2020 · Paid in Full · Loan `8388667202`
## Borrower
- **Name:** B&E ELECTRONIX
- **Address:** 1441 BRANDING LANE, SUITE 110, DOWNERS GROVE, IL, 60515-5624
- **NAICS:** 333511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $167K
- **Initial approval:** $167K
- **Forgiven:** $169K (101%)
- **Forgiveness date:** 03/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $125K
- **Mortgage interest:** $21K
- **Utilities:** $21K
- **Jobs reported:** 17
## Lender
- **Originating:** Alerus Financial, National Association
- **Servicing:** Alerus Financial, National Association (ND)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*