# PPP loan: MACHINERY COMPONENTS INC.
> **$424K** approved 04/05/2020 · Paid in Full · Loan `5503647003`
## Borrower
- **Name:** MACHINERY COMPONENTS INC.
- **Address:** 1833 DOWNS DRIVE, WEST CHICAGO, IL, 60185-1805
- **NAICS:** 336390
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $424K
- **Initial approval:** $424K
- **Forgiven:** $427K (101%)
- **Forgiveness date:** 03/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $318K
- **Mortgage interest:** $53K
- **Utilities:** $53K
- **Jobs reported:** 48
## Lender
- **Originating:** Old Plank Trail Community Bank, National Association
- **Servicing:** Old Plank Trail Community Bank, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*