# PPP loan: LASER ELECTRIC INC.
> **$1.77M** approved 04/09/2020 · Paid in Full · Loan `9364157006`
## Borrower
- **Name:** LASER ELECTRIC INC.
- **Address:** 3611 SW Adams St, PEORIA, IL, 61605
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $1.77M
- **Initial approval:** $1.77M
- **Forgiven:** $1.79M (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.33M
- **Rent:** $443K
- **Jobs reported:** 55
## Lender
- **Originating:** Busey Bank
- **Servicing:** Busey Bank (IL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*