# PPP loan: SRI TECHNOLOGIES, INC.
> **$1.05M** approved 04/06/2020 · Paid in Full · Loan `6295247000`
## Borrower
- **Name:** SRI TECHNOLOGIES, INC.
- **Address:** 1250 BANK DR, SCHAUMBURG, IL, 60173-6014
- **NAICS:** 561320
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.05M
- **Initial approval:** $1.05M
- **Forgiven:** $1.05M (101%)
- **Forgiveness date:** 12/21/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $838K
- **Rent:** $157K
- **Utilities:** $52K
- **Jobs reported:** 57
## 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*