# PPP loan: NEHRING ELECTRICAL WORKS COMPANY
> **$1.34M** approved 04/08/2020 · Paid in Full · Loan `8433577003`
## Borrower
- **Name:** NEHRING ELECTRICAL WORKS COMPANY
- **Address:** 1005 E Locust Street, DEKALB, IL, 60115-3967
- **NAICS:** 331110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.34M
- **Initial approval:** $1.34M
- **Forgiven:** $1.35M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.00M
- **Rent:** $167K
- **Utilities:** $167K
- **Jobs reported:** 118
## Lender
- **Originating:** Wintrust Bank, National Association
- **Servicing:** Wintrust Bank, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*