# PPP loan: ILLINOIS VALLEY MACHINE SHOP INC
> **$322K** approved 04/05/2020 · Paid in Full · Loan `5595387004`
## Borrower
- **Name:** ILLINOIS VALLEY MACHINE SHOP INC
- **Address:** 108 NORTH LINCOLN ST, RANSOM, IL, 60470-8501
- **NAICS:** 332710
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $322K
- **Initial approval:** $322K
- **Forgiven:** $324K (101%)
- **Forgiveness date:** 11/25/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $306K
- **Rent:** $8K
- **Utilities:** $8K
- **Jobs reported:** 27
## 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*