# PPP loan: ERWIN JUNKER MACHINERY, INC.
> **$498K** approved 04/27/2020 · Paid in Full · Loan `5353327201`
## Borrower
- **Name:** ERWIN JUNKER MACHINERY, INC.
- **Address:** 2541 Technology Drive #410, ELGIN, IL, 60124-7845
- **NAICS:** 333517
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $498K
- **Initial approval:** $498K
- **Forgiven:** $504K (101%)
- **Forgiveness date:** 05/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $399K
- **Rent:** $50K
- **Mortgage interest:** $25K
- **Utilities:** $25K
- **Jobs reported:** 21
## 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*