# PPP loan: THORNTON INDUSTRIES INC
> **$196K** approved 02/24/2021 · Paid in Full · Loan `3615008502`
## Borrower
- **Name:** THORNTON INDUSTRIES INC
- **Address:** 2000 Ashley Rd, Morris, IL, 60450-7900
- **NAICS:** 339999
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $196K
- **Initial approval:** $210K
- **Forgiven:** $198K (101%)
- **Forgiveness date:** 06/16/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $196K
- **Jobs reported:** 62
## Lender
- **Originating:** Midland States Bank
- **Servicing:** Midland States Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*