# PPP loan: SLAGEL MANUFACTURING, INC
> **$388K** approved 04/11/2020 · Paid in Full · Loan `3501597107`
## Borrower
- **Name:** SLAGEL MANUFACTURING, INC
- **Address:** 2911 N 2700 EAST RD, FORREST, IL, 61741-9333
- **NAICS:** 332313
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $388K
- **Initial approval:** $388K
- **Forgiven:** $392K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $388K
- **Jobs reported:** 42
## Lender
- **Originating:** Heartland Bank and Trust Company
- **Servicing:** Heartland Bank and Trust Company (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*