# PPP loan: CLIPPER INDUSTRIES
> **$258K** approved 04/06/2020 · Paid in Full · Loan `6413717001`
## Borrower
- **Name:** CLIPPER INDUSTRIES
- **Address:** 1520 NORWOOD AVE, ITASCA, IL, 60143-1131
- **NAICS:** 332312
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $258K
- **Initial approval:** $258K
- **Forgiven:** $260K (101%)
- **Forgiveness date:** 01/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $194K
- **Mortgage interest:** $32K
- **Utilities:** $32K
- **Jobs reported:** 18
## Lender
- **Originating:** Schaumburg Bank & Trust Company, National Association
- **Servicing:** Schaumburg Bank & Trust Company, National Association (IL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*