# PPP loan: HERRMANN ULTRASONICS, INC.
> **$887K** approved 04/10/2020 · Paid in Full · Loan `1900757105`
## Borrower
- **Name:** HERRMANN ULTRASONICS, INC.
- **Address:** 1261 HARDT CIR, BARTLETT, IL, 60103-1690
- **NAICS:** 333992
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $887K
- **Initial approval:** $887K
- **Forgiven:** $893K (101%)
- **Forgiveness date:** 01/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $665K
- **Utilities:** $222K
- **Jobs reported:** 59
## Lender
- **Originating:** St. Charles Bank & Trust Company, National Association
- **Servicing:** St. Charles 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*