# PPP loan: ILLINOIS LIFT EQUIPMENT INC.
> **$498K** approved 04/09/2020 · Paid in Full · Loan `1014797101`
## Borrower
- **Name:** ILLINOIS LIFT EQUIPMENT INC.
- **Address:** 640 INDUSTRIAL DR, CARY, IL, 60013-1944
- **NAICS:** 811310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $498K
- **Initial approval:** $498K
- **Forgiven:** $504K (101%)
- **Forgiveness date:** 06/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $399K
- **Mortgage interest:** $100K
- **Jobs reported:** 34
## Lender
- **Originating:** First State Bank
- **Servicing:** First State Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*