# PPP loan: MODERN FORGE COMPANIES, LLC
> **$8.76M** approved 04/06/2020 · Paid in Full · Loan `6384447003`
## Borrower
- **Name:** MODERN FORGE COMPANIES, LLC
- **Address:** 13810 WESTERN AVE., BLUE ISLAND, IL, 60406-3229
- **NAICS:** 332111
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $8.76M
- **Initial approval:** $8.76M
- **Forgiven:** $8.96M (102%)
- **Forgiveness date:** 07/15/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $7.50M
- **Mortgage interest:** $300K
- **Utilities:** $400K
- **Health care:** $564K
- **Jobs reported:** 500
## Lender
- **Originating:** Wintrust Bank, National Association
- **Servicing:** Wintrust Bank, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*