# PPP loan: PETERS ELECTRIC & TECHNOLOGY, INC.
> **$256K** approved 04/28/2020 · Paid in Full · Loan `9763537206`
## Borrower
- **Name:** PETERS ELECTRIC & TECHNOLOGY, INC.
- **Address:** 9 N 054 BARRON RD, MAPLE PARK, IL, 60151-9403
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $256K
- **Initial approval:** $256K
- **Forgiven:** $258K (101%)
- **Forgiveness date:** 03/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $255K
- **Utilities:** $1K
- **Jobs reported:** 16
## Lender
- **Originating:** Old Second National Bank
- **Servicing:** Old Second National Bank (IL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*