# PPP loan: PROCISION BORING, INC.
> **$181K** approved 04/14/2020 · Paid in Full · Loan `6928717109`
## Borrower
- **Name:** PROCISION BORING, INC.
- **Address:** 40 NOLL ST, WAUKEGAN, IL, 60085-3031
- **NAICS:** 238910
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $181K
- **Initial approval:** $181K
- **Forgiven:** $183K (101%)
- **Forgiveness date:** 06/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $135K
- **Rent:** $23K
- **Utilities:** $23K
- **Jobs reported:** 8
## Lender
- **Originating:** State Bank of the Lakes, National Association
- **Servicing:** State Bank of the Lakes, National Association (IL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*