# PPP loan: ADL INSTALLERS INC.
> **$422K** approved 01/20/2021 · Exemption 4 · Loan `2217878309`
## Borrower
- **Name:** ADL INSTALLERS INC.
- **Address:** 2450 W State Route 17, Kankakee, IL, 60901-7832
- **NAICS:** 238990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $422K
- **Initial approval:** $422K
- **Forgiven:** $376K (89%)
- **Forgiveness date:** 10/14/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $422K
- **Utilities:** $1
- **Jobs reported:** 16
## Lender
- **Originating:** Peoples Bank of Kankakee County
- **Servicing:** Peoples Bank of Kankakee County (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*