# PPP loan: MARCHONE ELECTRICAL DESIGN INC
> **$237K** approved 04/28/2020 · Paid in Full · Loan `9620597205`
## Borrower
- **Name:** MARCHONE ELECTRICAL DESIGN INC
- **Address:** 9000 Orchard Rd, Willow Springs, IL, 60480-1198
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $237K
- **Initial approval:** $237K
- **Forgiven:** $239K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $237K
- **Jobs reported:** 9
## Lender
- **Originating:** First Midwest Bank, A Division of Old National Bank
- **Servicing:** Old National Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*