# PPP loan: ELASTEC INC
> **$1.14M** approved 02/13/2021 · Paid in Full · Loan `8526418410`
## Borrower
- **Name:** ELASTEC INC
- **Address:** 1309 W Main St, Carmi, IL, 62821-1389
- **NAICS:** 333132
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.14M
- **Initial approval:** $1.14M
- **Forgiven:** $1.15M (101%)
- **Forgiveness date:** 12/08/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.14M
- **Utilities:** $1
- **Jobs reported:** 106
## Lender
- **Originating:** Legence Bank
- **Servicing:** Legence Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*