# PPP loan: HOFMANN FLUID POWER INC.
> **$158K** approved 01/21/2021 · Paid in Full · Loan `3075098309`
## Borrower
- **Name:** HOFMANN FLUID POWER INC.
- **Address:** 400 Earl Rd Unit F, Shorewood, IL, 60404-9458
- **NAICS:** 332812
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $158K
- **Initial approval:** $158K
- **Forgiven:** $160K (101%)
- **Forgiveness date:** 11/16/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $158K
- **Utilities:** $1
- **Jobs reported:** 11
## Lender
- **Originating:** BMO Bank National Association
- **Servicing:** BMO Bank National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*