# PPP loan: BLACK DIAMOND PIPE & TUBE INC
> **$490K** approved 04/06/2020 · Paid in Full · Loan `6270047003`
## Borrower
- **Name:** BLACK DIAMOND PIPE & TUBE INC
- **Address:** 521 N FIRST ST, PEOTONE, IL, 60468-8975
- **NAICS:** 423510
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $490K
- **Initial approval:** $490K
- **Forgiven:** $494K (101%)
- **Forgiveness date:** 02/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $367K
- **Mortgage interest:** $122K
- **Jobs reported:** 27
## Lender
- **Originating:** Old Plank Trail Community Bank, National Association
- **Servicing:** Old Plank Trail Community Bank, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*