# PPP loan: DURO-CHROME INDUSTRIES INC
> **$367K** approved 01/22/2021 · Paid in Full · Loan `3701348310`
## Borrower
- **Name:** DURO-CHROME INDUSTRIES INC
- **Address:** 275 Industrial Dr, Wauconda, IL, 60084-1078
- **NAICS:** 332813
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $367K
- **Initial approval:** $367K
- **Forgiven:** $369K (101%)
- **Forgiveness date:** 08/17/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $367K
- **Utilities:** $1
- **Jobs reported:** 25
## Lender
- **Originating:** First American Bank
- **Servicing:** First American Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*