# PPP loan: GUNN & PEGELOW, INC.
> **$181K** approved 04/05/2020 · Paid in Full · Loan `5462747001`
## Borrower
- **Name:** GUNN & PEGELOW, INC.
- **Address:** 28045 N Ashley Circle #106, LIBERTYVILLE, IL, 60048-9471
- **NAICS:** 423730
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $181K
- **Initial approval:** $181K
- **Forgiven:** $182K (101%)
- **Forgiveness date:** 02/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $135K
- **Mortgage interest:** $30K
- **Utilities:** $15K
- **Jobs reported:** 12
## Lender
- **Originating:** Libertyville Bank & Trust Company, National Association
- **Servicing:** Libertyville 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*