# PPP loan: LAUX HVAC & SHEET METAL INC.
> **$225K** approved 04/06/2020 · Paid in Full · Loan `5736787000`
## Borrower
- **Name:** LAUX HVAC & SHEET METAL INC.
- **Address:** 5260 STATE ROUTE 161, ALBERS, IL, 62215-1083
- **NAICS:** 238190
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $225K
- **Initial approval:** $225K
- **Forgiven:** $228K (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $167K
- **Rent:** $6K
- **Mortgage interest:** $2K
- **Utilities:** $3K
- **Health care:** $48K
- **Jobs reported:** 6
## Lender
- **Originating:** 1NB Bank
- **Servicing:** 1NB Bank (IL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*