# PPP loan: TOTAL ELECTRIC INC.
> **$542K** approved 04/09/2021 · Exemption 4 · Loan `9524488704`
## Borrower
- **Name:** TOTAL ELECTRIC INC.
- **Address:** 16308 107th Ave Ste 11, Orland Park, IL, 60467-4500
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $542K
- **Initial approval:** $542K
- **Forgiven:** $436K (80%)
- **Forgiveness date:** 03/24/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $542K
- **Utilities:** $1
- **Jobs reported:** 29
## Lender
- **Originating:** Providence Bank & Trust
- **Servicing:** Providence Bank & Trust (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*