# PPP loan: MIDRANGE REPAIR & PARTS, INC.
> **$400K** approved 04/10/2020 · Paid in Full · Loan `1688497101`
## Borrower
- **Name:** MIDRANGE REPAIR & PARTS, INC.
- **Address:** 12235 S. Laramie Ave., ALSIP, IL, 60803-3129
- **NAICS:** 423430
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $400K
- **Initial approval:** $400K
- **Forgiven:** $247K (62%)
- **Forgiveness date:** 02/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $400K
- **Jobs reported:** 36
## 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*