# PPP loan: RETHINK ELECTRIC LLC
> **$713K** approved 02/13/2021 · Paid in Full · Loan `8596398401`
## Borrower
- **Name:** RETHINK ELECTRIC LLC
- **Address:** 850 N Central Ave, Wood Dale, IL, 60191-1232
- **NAICS:** 238210
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $713K
- **Initial approval:** $713K
- **Forgiven:** $717K (100%)
- **Forgiveness date:** 08/11/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $713K
- **Utilities:** $1
- **Jobs reported:** 51
## Lender
- **Originating:** Midland States Bank
- **Servicing:** Midland States Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*