# PPP loan: MCCORMICK DISTRIBUTING AND SERVICE, INC.
> **$320K** approved 04/10/2020 · Paid in Full · Loan `1728677102`
## Borrower
- **Name:** MCCORMICK DISTRIBUTING AND SERVICE, INC.
- **Address:** 1408 EAST TRIUMPH DR, URBANA, IL, 61802-7378
- **NAICS:** 424490
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $320K
- **Initial approval:** $320K
- **Forgiven:** $323K (101%)
- **Forgiveness date:** 04/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $320K
- **Jobs reported:** 36
## Lender
- **Originating:** CIBM Bank
- **Servicing:** CIBM Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*