# PPP loan: THE ULTIMATE PAINT SHOP, INC.
> **$262K** approved 04/10/2020 · Paid in Full · Loan `1586617110`
## Borrower
- **Name:** THE ULTIMATE PAINT SHOP, INC.
- **Address:** 28865 NAGEL COURT, LAKE BLUFF, IL, 60044-1460
- **NAICS:** 236118
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $262K
- **Initial approval:** $262K
- **Forgiven:** $265K (101%)
- **Forgiveness date:** 03/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $262K
- **Jobs reported:** 19
## Lender
- **Originating:** CIBC Bank USA
- **Servicing:** CIBC Bank USA (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*