# PPP loan: APEX MATERIAL HANDLING CORPORATION
> **$583K** approved 04/04/2020 · Paid in Full · Loan `4992997009`
## Borrower
- **Name:** APEX MATERIAL HANDLING CORPORATION
- **Address:** 391 CHARLES COURT, WEST CHICAGO, IL, 60185-2678
- **NAICS:** 423120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $583K
- **Initial approval:** $583K
- **Forgiven:** $586K (101%)
- **Forgiveness date:** 11/24/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $530K
- **Rent:** $40K
- **Mortgage interest:** $6K
- **Utilities:** $7K
- **Jobs reported:** 37
## Lender
- **Originating:** First State Bank
- **Servicing:** First State Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*