# PPP loan: CHICAGO GRINDING & MACHINE COMPANY, INC.
> **$275K** approved 01/16/2021 · Paid in Full · Loan `1259448302`
## Borrower
- **Name:** CHICAGO GRINDING & MACHINE COMPANY, INC.
- **Address:** 1950 N 15th Ave, Melrose Park, IL, 60160-1403
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $275K
- **Initial approval:** $275K
- **Forgiven:** $277K (101%)
- **Forgiveness date:** 08/31/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $275K
- **Utilities:** $1
- **Jobs reported:** 24
## Lender
- **Originating:** Busey Bank
- **Servicing:** Busey Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*