# PPP loan: D. S. ARMS, INCORPORATED
> **$245K** approved 04/27/2020 · Paid in Full · Loan `5213467206`
## Borrower
- **Name:** D. S. ARMS, INCORPORATED
- **Address:** W990 2INDUSTRIAL AVE, LAKE BARRINGTON, IL, 60010-2455
- **NAICS:** 332994
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $245K
- **Initial approval:** $245K
- **Forgiven:** $248K (101%)
- **Forgiveness date:** 06/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $196K
- **Rent:** $25K
- **Mortgage interest:** $12K
- **Utilities:** $12K
- **Jobs reported:** 32
## Lender
- **Originating:** Cornerstone National Bank & Trust Company
- **Servicing:** Cornerstone National Bank & Trust Company (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*