# PPP loan: LAMP INCORPORATED
> **$620K** approved 04/10/2020 · Paid in Full · Loan `2056437101`
## Borrower
- **Name:** LAMP INCORPORATED
- **Address:** 460 N GROVE AVE, ELGIN, IL, 60120-3612
- **NAICS:** 236220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $620K
- **Initial approval:** $620K
- **Forgiven:** $629K (101%)
- **Forgiveness date:** 10/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $465K
- **Mortgage interest:** $78K
- **Utilities:** $78K
- **Jobs reported:** 30
## Lender
- **Originating:** First Mid Bank and Trust National Association
- **Servicing:** First Mid Bank & Trust, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*