# PPP loan: MECHANICAL & INDUSTRIAL STEEL SERVICES INC.
> **$1.11M** approved 01/22/2021 · Paid in Full · Loan `4114138306`
## Borrower
- **Name:** MECHANICAL & INDUSTRIAL STEEL SERVICES INC.
- **Address:** 24226 S Northern Illinois Dr, Channahon, IL, 60410-5111
- **NAICS:** 238120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.11M
- **Initial approval:** $1.11M
- **Forgiven:** $1.12M (101%)
- **Forgiveness date:** 02/23/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.11M
- **Utilities:** $1
- **Jobs reported:** 37
## Lender
- **Originating:** First Midwest Bank, A Division of Old National Bank
- **Servicing:** Old National Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*