# PPP loan: MARTAM CONSTRUCTION, INC.
> **$3.20M** approved 04/05/2020 · Paid in Full · Loan `5363697004`
## Borrower
- **Name:** MARTAM CONSTRUCTION, INC.
- **Address:** 1200 Gasket Drive, ELGIN, IL, 60120-7305
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.20M
- **Initial approval:** $2.68M
- **Forgiven:** $3.25M (102%)
- **Forgiveness date:** 11/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.40M
- **Rent:** $400K
- **Utilities:** $400K
- **Jobs reported:** 120
## Lender
- **Originating:** Wheaton Bank & Trust Company, National Association
- **Servicing:** Wheaton Bank & Trust Company, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*