# PPP loan: WALLACE ELECTRICAL SYSTEMS LLC
> **$618K** approved 01/30/2021 · Paid in Full · Loan `9021738302`
## Borrower
- **Name:** WALLACE ELECTRICAL SYSTEMS LLC
- **Address:** 2853 Ken Gray Blvd Ste 4, West Frankfort, IL, 62896-4289
- **NAICS:** 335931
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $618K
- **Initial approval:** $618K
- **Forgiven:** $622K (101%)
- **Forgiveness date:** 10/04/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $618K
- **Utilities:** $1
- **Jobs reported:** 28
## Lender
- **Originating:** Peoples National Bank, National Association
- **Servicing:** Peoples National Bank, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*