# PPP loan: HWACHEON MACHINERY AMERICA, INC.
> **$353K** approved 04/15/2020 · Paid in Full · Loan `2237037207`
## Borrower
- **Name:** HWACHEON MACHINERY AMERICA, INC.
- **Address:** 555 BOND STREET, LINCOLNSHIRE, IL, 60069-4226
- **NAICS:** 423830
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $353K
- **Initial approval:** $362K
- **Forgiven:** $358K (101%)
- **Forgiveness date:** 07/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $353K
- **Jobs reported:** 20
## Lender
- **Originating:** Bank of Hope
- **Servicing:** Bank of Hope (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*