# PPP loan: ALGUS PACKAGING, INC.
> **$1.09M** approved 04/28/2020 · Paid in Full · Loan `1899687306`
## Borrower
- **Name:** ALGUS PACKAGING, INC.
- **Address:** 200 N. Peace Road, DEKALB, IL, 60115-9500
- **NAICS:** 326199
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $1.09M
- **Initial approval:** $1.09M
- **Forgiven:** $1.10M (101%)
- **Forgiveness date:** 04/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $919K
- **Rent:** $90K
- **Utilities:** $60K
- **Debt interest:** $18K
- **Jobs reported:** 110
## Lender
- **Originating:** Resource Bank, National Association
- **Servicing:** Resource Bank, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*