# PPP loan: HOLIAN INSULATION COMPANY INC.
> **$1.35M** approved 04/06/2020 · Paid in Full · Loan `5697307003`
## Borrower
- **Name:** HOLIAN INSULATION COMPANY INC.
- **Address:** 7504 MEYER RD, SPRING GROVE, IL, 60081-9359
- **NAICS:** 238990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.35M
- **Initial approval:** $1.35M
- **Forgiven:** $1.36M (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.01M
- **Utilities:** $337K
- **Jobs reported:** 44
## Lender
- **Originating:** State Bank of the Lakes, National Association
- **Servicing:** State Bank of the Lakes, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*