# PPP loan: AMERICAN DEMOLITION CORPORATION
> **$2.60M** approved 04/14/2020 · Paid in Full · Loan `6353847100`
## Borrower
- **Name:** AMERICAN DEMOLITION CORPORATION
- **Address:** 305 RAMONA DR, ELGIN, IL, 60120
- **NAICS:** 238910
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $2.60M
- **Initial approval:** $2.60M
- **Forgiven:** $2.63M (101%)
- **Forgiveness date:** 05/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.60M
- **Jobs reported:** 167
## Lender
- **Originating:** Old Second National Bank
- **Servicing:** Old Second National Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*