# PPP loan: FORMCO METAL PRODUCTS INC
> **$310K** approved 01/20/2021 · Paid in Full · Loan `2172708310`
## Borrower
- **Name:** FORMCO METAL PRODUCTS INC
- **Address:** 556 Clayton Ct, Wood Dale, IL, 60191-1115
- **NAICS:** 332119
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $310K
- **Initial approval:** $310K
- **Forgiven:** $313K (101%)
- **Forgiveness date:** 01/28/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $310K
- **Utilities:** $1
- **Jobs reported:** 25
## 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*