# PPP loan: BI-PETRO INC
> **$1.13M** approved 02/26/2021 · Paid in Full · Loan `4873188507`
## Borrower
- **Name:** BI-PETRO INC
- **Address:** 3150 Executive Park Dr, Springfield, IL, 62703-4509
- **NAICS:** 486110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.13M
- **Initial approval:** $1.13M
- **Forgiven:** $1.14M (101%)
- **Forgiveness date:** 12/01/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.13M
- **Utilities:** $1
- **Jobs reported:** 69
## Lender
- **Originating:** Morton Community Bank
- **Servicing:** Morton Community Bank (IL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*