# PPP loan: PAUL F. PEDERSEN COMPANY
> **$400K** approved 04/10/2020 · Paid in Full · Loan `1613657107`
## Borrower
- **Name:** PAUL F. PEDERSEN COMPANY
- **Address:** 6 N 543 ROUTE 25, SAINT CHARLES, IL, 60174-5602
- **NAICS:** 561730
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $400K
- **Initial approval:** $400K
- **Forgiven:** $406K (102%)
- **Forgiveness date:** 11/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $375K
- **Rent:** $14K
- **Utilities:** $5K
- **Debt interest:** $6K
- **Jobs reported:** 22
## 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*