# PPP loan: CLIMCO COILS, CO.
> **$1.21M** approved 04/03/2020 · Paid in Full · Loan `4436297010`
## Borrower
- **Name:** CLIMCO COILS, CO.
- **Address:** 701 KLIMSTRA CT, MORRISON, IL, 61270-2969
- **NAICS:** 334416
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.21M
- **Initial approval:** $1.21M
- **Forgiven:** $1.21M (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $904K
- **Rent:** $25K
- **Utilities:** $50K
- **Health care:** $151K
- **Debt interest:** $75K
- **Jobs reported:** 156
## Lender
- **Originating:** Citizens First Bank
- **Servicing:** Citizens First Bank (IA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*