# PPP loan: PALATINE BUILDERS SUPPLY, INC.
> **$202K** approved 04/13/2020 · Paid in Full · Loan `5665527103`
## Borrower
- **Name:** PALATINE BUILDERS SUPPLY, INC.
- **Address:** 827 N CENTRAL AVE, WOOD DALE, IL, 60191-1219
- **NAICS:** 444190
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $202K
- **Initial approval:** $202K
- **Forgiven:** $203K (101%)
- **Forgiveness date:** 12/30/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $161K
- **Rent:** $20K
- **Mortgage interest:** $10K
- **Utilities:** $10K
- **Jobs reported:** 15
## Lender
- **Originating:** Cornerstone National Bank & Trust Company
- **Servicing:** Cornerstone National Bank & Trust Company (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*