# PPP loan: ASC INSULATION FIREPROOFING & SUPPLIES INC.
> **$553K** approved 05/15/2021 · Paid in Full · Loan `2283839008`
## Borrower
- **Name:** ASC INSULATION FIREPROOFING & SUPPLIES INC.
- **Address:** 501 N La Fox St Ste 2N, South Elgin, IL, 60177-1608
- **NAICS:** 238310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $553K
- **Initial approval:** $553K
- **Forgiven:** $562K (102%)
- **Forgiveness date:** 12/12/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $553K
- **Utilities:** $1
- **Jobs reported:** 19
## Lender
- **Originating:** International Bank of Chicago
- **Servicing:** International Bank of Chicago (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*