# PPP loan: B-N DEVELOPMENTS INC.
> **$193K** approved 04/05/2020 · Paid in Full · Loan `5066387009`
## Borrower
- **Name:** B-N DEVELOPMENTS INC.
- **Address:** 3120 N. Kandy Lane, DECATUR, IL, 62526-2806
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $193K
- **Initial approval:** $193K
- **Forgiven:** $195K (101%)
- **Forgiveness date:** 12/09/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $164K
- **Mortgage interest:** $19K
- **Utilities:** $10K
- **Jobs reported:** 67
## 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*