# PPP loan: ILLINOIS ENGINEERED PRODUCTS, INC.
> **$271K** approved 04/13/2020 · Paid in Full · Loan `4622347103`
## Borrower
- **Name:** ILLINOIS ENGINEERED PRODUCTS, INC.
- **Address:** 2415 W 21st Street, CHICAGO, IL, 60608-2412
- **NAICS:** 332323
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $271K
- **Initial approval:** $271K
- **Forgiven:** $273K (101%)
- **Forgiveness date:** 03/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $203K
- **Rent:** $34K
- **Utilities:** $34K
- **Jobs reported:** 20
## Lender
- **Originating:** Northbrook Bank & Trust Company, National Association
- **Servicing:** Northbrook Bank & Trust Company, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*