# PPP loan: MID-AMERICA TAPING & REELING, INC.
> **$284K** approved 04/14/2020 · Paid in Full · Loan `5888937105`
## Borrower
- **Name:** MID-AMERICA TAPING & REELING, INC.
- **Address:** 121 EXCHANGE BLVD, GLENDALE HEIGHTS, IL, 60139-2095
- **NAICS:** 326111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $284K
- **Initial approval:** $284K
- **Forgiven:** $288K (101%)
- **Forgiveness date:** 08/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $227K
- **Rent:** $28K
- **Mortgage interest:** $14K
- **Utilities:** $14K
- **Jobs reported:** 52
## Lender
- **Originating:** Cornerstone National Bank & Trust Company
- **Servicing:** Cornerstone National Bank & Trust Company (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*