# PPP loan: JAKES MACHINING & REBUILDING SERVICE INC.
> **$619K** approved 01/20/2021 · Paid in Full · Loan `1950118302`
## Borrower
- **Name:** JAKES MACHINING & REBUILDING SERVICE INC.
- **Address:** 580 S Lake St, Aurora, IL, 60506-5561
- **NAICS:** 332312
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $619K
- **Initial approval:** $619K
- **Forgiven:** $626K (101%)
- **Forgiveness date:** 01/28/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $619K
- **Utilities:** $1
- **Jobs reported:** 55
## Lender
- **Originating:** Byline Bank
- **Servicing:** Byline Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*