# PPP loan: LKM, INC.
> **$394K** approved 04/06/2020 · Paid in Full · Loan `6411597009`
## Borrower
- **Name:** LKM, INC.
- **Address:** 2020 Eagle Road, NORMAL, IL, 61761-1002
- **NAICS:** 561730
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $394K
- **Initial approval:** $394K
- **Forgiven:** $398K (101%)
- **Forgiveness date:** 07/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $375K
- **Rent:** $5K
- **Mortgage interest:** $5K
- **Utilities:** $6K
- **Debt interest:** $3K
- **Jobs reported:** 47
## Lender
- **Originating:** First State Bank
- **Servicing:** First State Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*