# PPP loan: INDUSTRIAL SKILLED TRADES, INC
> **$1.89M** approved 04/06/2020 · Paid in Full · Loan `5763937003`
## Borrower
- **Name:** INDUSTRIAL SKILLED TRADES, INC
- **Address:** 2150 Point Blvd. Suite 800, ELGIN, IL, 60123-7872
- **NAICS:** 561311
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.89M
- **Initial approval:** $1.89M
- **Forgiven:** $1.91M (101%)
- **Forgiveness date:** 11/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.42M
- **Utilities:** $284K
- **Debt interest:** $189K
- **Jobs reported:** 120
## Lender
- **Originating:** St. Charles Bank & Trust Company, National Association
- **Servicing:** St. Charles Bank & Trust Company, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*