# PPP loan: TEK-MATIC INC
> **$175K** approved 04/05/2020 · Paid in Full · Loan `5583217002`
## Borrower
- **Name:** TEK-MATIC INC
- **Address:** 7316 N ALPINE RD, LOVES PARK, IL, 61111-3902
- **NAICS:** 423610
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $175K
- **Initial approval:** $175K
- **Forgiven:** $176K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $166K
- **Rent:** $4K
- **Utilities:** $4K
- **Jobs reported:** 11
## Lender
- **Originating:** Midland States Bank
- **Servicing:** Midland States Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*