# PPP loan: J HAMILTON ELECTRIC CO INC
> **$350K** approved 02/14/2021 · Paid in Full · Loan `8860598402`
## Borrower
- **Name:** J HAMILTON ELECTRIC CO INC
- **Address:** 1331 Jarvis Ave, Elk Grove Village, IL, 60007-2303
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $350K
- **Initial approval:** $350K
- **Forgiven:** $352K (101%)
- **Forgiveness date:** 09/29/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $350K
- **Utilities:** $1
- **Jobs reported:** 10
## Lender
- **Originating:** First American Bank
- **Servicing:** First American Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*