# PPP loan: BTR CONTROLS, INC.
> **$276K** approved 04/05/2020 · Paid in Full · Loan `5358537008`
## Borrower
- **Name:** BTR CONTROLS, INC.
- **Address:** 1570 TODD FARM DR, ELGIN, IL, 60123-1287
- **NAICS:** 335929
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $276K
- **Initial approval:** $276K
- **Forgiven:** $277K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $220K
- **Rent:** $41K
- **Utilities:** $14K
- **Jobs reported:** 19
## 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*