# PPP loan: PAUL RIES & SONS, INC.
> **$163K** approved 04/27/2020 · Paid in Full · Loan `6087857208`
## Borrower
- **Name:** PAUL RIES & SONS, INC.
- **Address:** 3940 W. ARMITAGE AVE, CHICAGO, IL, 60647-3406
- **NAICS:** 811121
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $163K
- **Initial approval:** $163K
- **Forgiven:** $164K (101%)
- **Forgiveness date:** 11/12/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $122K
- **Rent:** $24K
- **Utilities:** $16K
- **Jobs reported:** 13
## Lender
- **Originating:** Village Bank and Trust, National Association
- **Servicing:** Village Bank and Trust, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*