# PPP loan: MATRIX BASEMENT SYSTEMS INC
> **$972K** approved 04/15/2020 · Paid in Full · Loan `2283717200`
## Borrower
- **Name:** MATRIX BASEMENT SYSTEMS INC
- **Address:** 3050 N KENNICOTT AVE, ARLINGTON HEIGHTS, IL, 60004
- **NAICS:** 238390
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $972K
- **Initial approval:** $972K
- **Forgiven:** $978K (101%)
- **Forgiveness date:** 11/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $807K
- **Rent:** $48K
- **Utilities:** $41K
- **Health care:** $72K
- **Debt interest:** $4K
- **Jobs reported:** 85
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*