# PPP loan: HI-GRADE WELDING AND MANUFACTURING LLC
> **$1.42M** approved 04/06/2020 · Paid in Full · Loan `5771427003`
## Borrower
- **Name:** HI-GRADE WELDING AND MANUFACTURING LLC
- **Address:** 140 COMMERCE DR, SCHAUMBURG, IL, 60173-5328
- **NAICS:** 332313
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.42M
- **Initial approval:** $1.42M
- **Forgiven:** $1.43M (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.42M
- **Jobs reported:** 109
## Lender
- **Originating:** Enterprise Bank & Trust
- **Servicing:** Enterprise Bank & Trust (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*