# PPP loan: THE HERRINGTON INC
> **$797K** approved 02/04/2021 · Exemption 4 · Loan `2725708409`
## Borrower
- **Name:** THE HERRINGTON INC
- **Address:** 77 N 1st St, Geneva, IL, 60134-2220
- **NAICS:** 721110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $797K
- **Initial approval:** $797K
- **Forgiven:** $590K (74%)
- **Forgiveness date:** 06/14/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $797K
- **Utilities:** $1
- **Jobs reported:** 46
## Lender
- **Originating:** CIBC Bank USA
- **Servicing:** CIBC Bank USA (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*