# PPP loan: LOGISTICS RESOURCE SOLUTIONS INC.
> **$2.00M** approved 01/20/2021 · Charged Off · Loan `2237358303`
## Borrower
- **Name:** LOGISTICS RESOURCE SOLUTIONS INC.
- **Address:** 1600 Wayne Lanter Ave, Madison, IL, 62060-1471
- **NAICS:** 488999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.00M
- **Initial approval:** $2.00M
- **Forgiven:** $724K (36%)
- **Forgiveness date:** 04/03/2023
- **Status:** Charged Off
- **Term:** 33 months
## Use of funds
- **Payroll:** $2.00M
- **Utilities:** $1
- **Jobs reported:** 191
## Lender
- **Originating:** The First National Bank of Waterloo
- **Servicing:** The First National Bank of Waterloo (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*