# PPP loan: BALAS, INC.
> **$157K** approved 04/27/2020 · Paid in Full · Loan `5861157205`
## Borrower
- **Name:** BALAS, INC.
- **Address:** 1080 KINGSLAND DR, BATAVIA, IL, 60510-2287
- **NAICS:** 332313
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $157K
- **Initial approval:** $157K
- **Forgiven:** $158K (101%)
- **Forgiveness date:** 11/19/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $118K
- **Rent:** $16K
- **Mortgage interest:** $16K
- **Utilities:** $8K
- **Jobs reported:** 10
## Lender
- **Originating:** Grundy Bank
- **Servicing:** Grundy Bank (IL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*