# PPP loan: KING TRANSMISSION COMPANY, INC.
> **$253K** approved 01/16/2021 · Paid in Full · Loan `1128058303`
## Borrower
- **Name:** KING TRANSMISSION COMPANY, INC.
- **Address:** 180 W Grand Ave, Elmhurst, IL, 60126-1105
- **NAICS:** 811113
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $253K
- **Initial approval:** $253K
- **Forgiven:** $255K (101%)
- **Forgiveness date:** 08/16/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $253K
- **Utilities:** $1
- **Jobs reported:** 24
## Lender
- **Originating:** Cornerstone National Bank & Trust Company
- **Servicing:** Cornerstone National Bank & Trust Company (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*