# PPP loan: MILCO PRECISION MACHINING INC
> **$367K** approved 04/15/2020 · Paid in Full · Loan `1677137201`
## Borrower
- **Name:** MILCO PRECISION MACHINING INC
- **Address:** 730 Annoreno Drive, ADDISON, IL, 60101
- **NAICS:** 332999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $367K
- **Initial approval:** $367K
- **Forgiven:** $371K (101%)
- **Forgiveness date:** 06/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $275K
- **Rent:** $46K
- **Utilities:** $46K
- **Jobs reported:** 26
## Lender
- **Originating:** Northbrook Bank & Trust Company, National Association
- **Servicing:** Northbrook Bank & Trust Company, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*