# PPP loan: MCWILLIAMS ELECTRIC COMPANY INC
> **$2.01M** approved 04/08/2020 · Paid in Full · Loan `8739117008`
## Borrower
- **Name:** MCWILLIAMS ELECTRIC COMPANY INC
- **Address:** 1401 RODENBURG RD, SCHAUMBURG, IL, 60193-3532
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.01M
- **Initial approval:** $2.01M
- **Forgiven:** $2.05M (102%)
- **Forgiveness date:** 12/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.98M
- **Rent:** $22K
- **Utilities:** $9K
- **Jobs reported:** 40
## Lender
- **Originating:** Itasca Bank & Trust Co.
- **Servicing:** Itasca Bank & Trust Co. (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*