# PPP loan: CUP PAC PACKAGING, INC.
> **$190K** approved 05/05/2020 · Paid in Full · Loan `2298437409`
## Borrower
- **Name:** CUP PAC PACKAGING, INC.
- **Address:** 777 PROGRESSIVE LANE, SOUTH BELOIT, IL, 61080-2616
- **NAICS:** 325412
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $190K
- **Initial approval:** $190K
- **Forgiven:** $192K (101%)
- **Forgiveness date:** 03/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $153K
- **Mortgage interest:** $17K
- **Utilities:** $21K
- **Jobs reported:** 19
## Lender
- **Originating:** First Mid Bank and Trust National Association
- **Servicing:** First Mid Bank & Trust, National Association (IL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*