# PPP loan: KOCSIS BROTHERS MACHINE CO.
> **$1.81M** approved 04/06/2020 · Paid in Full · Loan `5605037009`
## Borrower
- **Name:** KOCSIS BROTHERS MACHINE CO.
- **Address:** 11755 S AUSTIN AVE, ALSIP, IL, 60803-6002
- **NAICS:** 333995
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.81M
- **Initial approval:** $1.81M
- **Forgiven:** $1.82M (101%)
- **Forgiveness date:** 12/16/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.36M
- **Mortgage interest:** $226K
- **Utilities:** $226K
- **Jobs reported:** 92
## 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*