# PPP loan: ILLINOIS TRUCK & EQUIPMENT CO INC
> **$1.53M** approved 04/06/2020 · Paid in Full · Loan `5732407005`
## Borrower
- **Name:** ILLINOIS TRUCK & EQUIPMENT CO INC
- **Address:** 320 Briscoe Drive, MORRIS, IL, 60450-6854
- **NAICS:** 333924
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $1.53M
- **Initial approval:** $1.53M
- **Forgiven:** $1.55M (101%)
- **Forgiveness date:** 01/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.15M
- **Rent:** $384K
- **Jobs reported:** 74
## Lender
- **Originating:** Busey Bank
- **Servicing:** Busey Bank (IL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*