# PPP loan: FALEX CORPORATION
> **$430K** approved 01/21/2021 · Paid in Full · Loan `2881148300`
## Borrower
- **Name:** FALEX CORPORATION
- **Address:** 1020 Airpark Dr, Sugar Grove, IL, 60554-9585
- **NAICS:** 334513
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $430K
- **Initial approval:** $430K
- **Forgiven:** $434K (101%)
- **Forgiveness date:** 12/23/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $430K
- **Jobs reported:** 33
## Lender
- **Originating:** Old Second National Bank
- **Servicing:** Old Second National Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*