# PPP loan: BMI PRODUCTS OF NORTHERN ILLINOIS, INC.
> **$315K** approved 04/27/2020 · Paid in Full · Loan `4025807210`
## Borrower
- **Name:** BMI PRODUCTS OF NORTHERN ILLINOIS, INC.
- **Address:** 28919 W IL ROUTE 173, ANTIOCH, IL, 60002-9115
- **NAICS:** 238990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $315K
- **Initial approval:** $315K
- **Forgiven:** $318K (101%)
- **Forgiveness date:** 04/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $236K
- **Rent:** $39K
- **Utilities:** $39K
- **Jobs reported:** 16
## Lender
- **Originating:** State Bank of the Lakes, National Association
- **Servicing:** State Bank of the Lakes, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*