# PPP loan: STATE MATERIALS ENGINEERING LLC
> **$591K** approved 04/13/2020 · Paid in Full · Loan `5318537101`
## Borrower
- **Name:** STATE MATERIALS ENGINEERING LLC
- **Address:** 570 Rock Road, DUNDEE, IL, 60118
- **NAICS:** 541330
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $591K
- **Initial approval:** $591K
- **Forgiven:** $595K (101%)
- **Forgiveness date:** 11/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $590K
- **Utilities:** $1K
- **Jobs reported:** 27
## Lender
- **Originating:** Midland States Bank
- **Servicing:** Midland States Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*