# PPP loan: INFORMAGNETICS TECHNOLOGIES USA CORP
> **$216K** approved 05/25/2020 · Paid in Full · Loan `3092187808`
## Borrower
- **Name:** INFORMAGNETICS TECHNOLOGIES USA CORP
- **Address:** 701 Lee St Suite 430, DES PLAINES, IL, 60016
- **NAICS:** 541512
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $216K
- **Initial approval:** $216K
- **Forgiven:** $219K (101%)
- **Forgiveness date:** 07/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $216K
- **Jobs reported:** 9
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*