# PPP loan: CAI CUSTOM ALLOYS INC.
> **$310K** approved 04/04/2020 · Paid in Full · Loan `5017137008`
## Borrower
- **Name:** CAI CUSTOM ALLOYS INC.
- **Address:** 1462 U.S. Route 20, BELVIDERE, IL, 61008
- **NAICS:** 423930
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $310K
- **Initial approval:** $310K
- **Forgiven:** $312K (101%)
- **Forgiveness date:** 11/24/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $233K
- **Utilities:** $39K
- **Health care:** $39K
- **Jobs reported:** 26
## Lender
- **Originating:** St. Charles Bank & Trust Company, National Association
- **Servicing:** St. Charles 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*