# PPP loan: PETERSEN SEALCOATING & PAVING INC
> **$275K** approved 04/06/2020 · Paid in Full · Loan `5962597000`
## Borrower
- **Name:** PETERSEN SEALCOATING & PAVING INC
- **Address:** 362 INDUSTRIAL AVENUE, CRYSTAL LAKE, IL, 60014
- **NAICS:** 238990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $275K
- **Initial approval:** $275K
- **Forgiven:** $277K (101%)
- **Forgiveness date:** 11/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $206K
- **Rent:** $69K
- **Jobs reported:** 35
## Lender
- **Originating:** Home State Bank, National Association
- **Servicing:** Home State Bank, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*