# PPP loan: RAIMONDE DRILLING CORP.
> **$204K** approved 04/13/2020 · Paid in Full · Loan `5458867108`
## Borrower
- **Name:** RAIMONDE DRILLING CORP.
- **Address:** 770 W Factory Rd, ADDISON, IL, 60101-4300
- **NAICS:** 238910
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $204K
- **Initial approval:** $204K
- **Forgiven:** $205K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $163K
- **Rent:** $20K
- **Mortgage interest:** $10K
- **Utilities:** $10K
- **Jobs reported:** 9
## 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*