# PPP loan: IMADA, INC. DBA HOTO INSTRUMENTS
> **$245K** approved 05/01/2020 · Paid in Full · Loan `2735017705`
## Borrower
- **Name:** IMADA, INC. DBA HOTO INSTRUMENTS
- **Address:** 3100 DUNDEE RD STE 707, NORTHBROOK, IL, 60062
- **NAICS:** 334513
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $245K
- **Initial approval:** $245K
- **Forgiven:** $247K (101%)
- **Forgiveness date:** 04/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $205K
- **Health care:** $40K
- **Jobs reported:** 120
## 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*