# PPP loan: RAMCORP INC
> **$382K** approved 03/31/2021 · Exemption 4 · Loan `3371638702`
## Borrower
- **Name:** RAMCORP INC
- **Address:** 421 N Water St IL, Wilmington, IL, 60481
- **NAICS:** 238140
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $382K
- **Initial approval:** $382K
- **Forgiven:** $299K (78%)
- **Forgiveness date:** 05/12/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $382K
- **Utilities:** $1
- **Jobs reported:** 15
## Lender
- **Originating:** First Midwest Bank, A Division of Old National Bank
- **Servicing:** Old National Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*