# PPP loan: COMPACT INDUSTRIES INC.
> **$949K** approved 04/05/2020 · Paid in Full · Loan `5425897001`
## Borrower
- **Name:** COMPACT INDUSTRIES INC.
- **Address:** OHIO AVE, SAINT CHARLES, IL, 60174-2954
- **NAICS:** 561910
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $949K
- **Initial approval:** $949K
- **Forgiven:** $955K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $712K
- **Rent:** $59K
- **Utilities:** $59K
- **Health care:** $59K
- **Debt interest:** $59K
- **Jobs reported:** 105
## Lender
- **Originating:** Village Bank and Trust, National Association
- **Servicing:** Village Bank and Trust, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*