# PPP loan: IMS COMPANIES, LLC
> **$5.62M** approved 04/06/2020 · Paid in Full · Loan `6185667007`
## Borrower
- **Name:** IMS COMPANIES, LLC
- **Address:** 1 INNOVATION DR, DES PLAINES, IL, 60016-3161
- **NAICS:** 336390
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $5.62M
- **Initial approval:** $5.62M
- **Forgiven:** $5.68M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $5.00M
- **Utilities:** $616K
- **Jobs reported:** 500
## Lender
- **Originating:** Lake Forest Bank & Trust Company, National Association
- **Servicing:** Lake Forest Bank & Trust Company, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*