# PPP loan: MT. CARMEL STABILIZATION GROUP, INC.
> **$2.47M** approved 04/27/2020 · Paid in Full · Loan `4577237203`
## Borrower
- **Name:** MT. CARMEL STABILIZATION GROUP, INC.
- **Address:** 1611 College Dr, MOUNT CARMEL, IL, 62863
- **NAICS:** 237310
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $2.47M
- **Initial approval:** $2.47M
- **Forgiven:** $2.50M (101%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.85M
- **Mortgage interest:** $309K
- **Utilities:** $309K
- **Jobs reported:** 293
## Lender
- **Originating:** First Mid Bank & Trust, National Association
- **Servicing:** First Mid Bank & Trust, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*