# PPP loan: ABLE BARMILLING & MFG. CO., INC.
> **$205K** approved 05/01/2020 · Paid in Full · Loan `2687667706`
## Borrower
- **Name:** ABLE BARMILLING & MFG. CO., INC.
- **Address:** 1111 N OLD RAND RD, WAUCONDA, IL, 60084
- **NAICS:** 332710
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $205K
- **Initial approval:** $205K
- **Forgiven:** $207K (101%)
- **Forgiveness date:** 03/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $164K
- **Rent:** $6K
- **Health care:** $35K
- **Jobs reported:** 14
## 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*