# PPP loan: CADENCE INC
> **$399K** approved 04/03/2020 · Paid in Full · Loan `4560487005`
## Borrower
- **Name:** CADENCE INC
- **Address:** 1 MESSNER DRIVE, WHEELING, IL, 60090-6447
- **NAICS:** 561920
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $399K
- **Initial approval:** $228K
- **Forgiven:** $404K (101%)
- **Forgiveness date:** 07/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $398K
- **Utilities:** $100
- **Jobs reported:** 8
## Lender
- **Originating:** American Community Bank & Trust
- **Servicing:** American Community Bank & Trust (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*