# PPP loan: ILLINOIS AUTO ELECTRIC CO
> **$1.21M** approved 04/09/2020 · Paid in Full · Loan `9001987009`
## Borrower
- **Name:** ILLINOIS AUTO ELECTRIC CO
- **Address:** 2115 W. DIEHL RD, NAPERVILLE, IL, 60563-2359
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.21M
- **Initial approval:** $1.21M
- **Forgiven:** $1.23M (101%)
- **Forgiveness date:** 05/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.06M
- **Rent:** $128K
- **Utilities:** $26K
- **Jobs reported:** 78
## Lender
- **Originating:** Old Second National Bank
- **Servicing:** Old Second National Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*