# PPP loan: GLAENZER ELECTRIC INC
> **$314K** approved 02/17/2021 · Paid in Full · Loan `9496688402`
## Borrower
- **Name:** GLAENZER ELECTRIC INC
- **Address:** 10 Empire Dr, Belleville, IL, 62220-3415
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $314K
- **Initial approval:** $314K
- **Forgiven:** $317K (101%)
- **Forgiveness date:** 03/01/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $314K
- **Utilities:** $1
- **Jobs reported:** 18
## Lender
- **Originating:** Bank of Belleville
- **Servicing:** Bank of Belleville (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*