# PPP loan: ADDISON BUILDING MATERIAL
> **$259K** approved 04/15/2020 · Paid in Full · Loan `1377337200`
## Borrower
- **Name:** ADDISON BUILDING MATERIAL
- **Address:** 3201 S BUSSE RD, ARLINGTON HEIGHTS, IL, 60005-4610
- **NAICS:** 444130
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $259K
- **Initial approval:** $259K
- **Forgiven:** $261K (101%)
- **Forgiveness date:** 05/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $207K
- **Rent:** $52K
- **Jobs reported:** 23
## Lender
- **Originating:** Itasca Bank & Trust Co.
- **Servicing:** Itasca Bank & Trust Co. (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*