# PPP loan: COMMUNICATIONS PRODUCTS INC
> **$582K** approved 04/16/2020 · Paid in Full · Loan `2877527210`
## Borrower
- **Name:** COMMUNICATIONS PRODUCTS INC
- **Address:** 7301 E 90th Street Suite 100, INDIANAPOLIS, IN, 46256
- **NAICS:** 517919
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $582K
- **Initial approval:** $582K
- **Forgiven:** $272K (47%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $436K
- **Rent:** $145K
- **Jobs reported:** 19
## Lender
- **Originating:** Busey Bank
- **Servicing:** Busey Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*