# PPP loan: CAPSONIC GROUP LLC
> **$824K** approved 04/05/2020 · Paid in Full · Loan `5583907008`
## Borrower
- **Name:** CAPSONIC GROUP LLC
- **Address:** 460 S Seconds St, ELGIN, IL, 60123
- **NAICS:** 332510
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $824K
- **Initial approval:** $824K
- **Forgiven:** $834K (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $618K
- **Rent:** $103K
- **Utilities:** $103K
- **Jobs reported:** 51
## Lender
- **Originating:** Wintrust Bank, National Association
- **Servicing:** Wintrust Bank, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*