# PPP loan: TRU-CUT, INC.
> **$490K** approved 04/14/2020 · Paid in Full · Loan `6882447104`
## Borrower
- **Name:** TRU-CUT, INC.
- **Address:** 240 JANDUS RD, CARY, IL, 60013-2862
- **NAICS:** 333515
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $490K
- **Initial approval:** $490K
- **Forgiven:** $495K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $367K
- **Rent:** $73K
- **Utilities:** $49K
- **Jobs reported:** 14
## Lender
- **Originating:** Crystal Lake Bank & Trust Company, National Association
- **Servicing:** Crystal Lake Bank & Trust Company, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*