# PPP loan: LOEB EQUIPMENT SUPPLY COMPANY
> **$497K** approved 03/20/2021 · Paid in Full · Loan `5831548602`
## Borrower
- **Name:** LOEB EQUIPMENT SUPPLY COMPANY
- **Address:** 8609 W Bryn Mawr Ave Ste 208, Chicago, IL, 60631-3524
- **NAICS:** 423830
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $497K
- **Initial approval:** $497K
- **Forgiven:** $500K (101%)
- **Forgiveness date:** 11/19/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $497K
- **Jobs reported:** 19
## Lender
- **Originating:** Old Second National Bank
- **Servicing:** Old Second National Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*