# PPP loan: MAC INDUSTRIAL SERVICES INC.
> **$864K** approved 02/05/2021 · Exemption 4 · Loan `3921778410`
## Borrower
- **Name:** MAC INDUSTRIAL SERVICES INC.
- **Address:** 604 N Main St Ste 1, Rochelle, IL, 61068-1686
- **NAICS:** 237120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $864K
- **Initial approval:** $864K
- **Forgiven:** $751K (87%)
- **Forgiveness date:** 09/01/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $864K
- **Utilities:** $1
- **Jobs reported:** 30
## Lender
- **Originating:** The First National Bank in Amboy
- **Servicing:** The First National Bank in Amboy (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*