# PPP loan: LOEB EQUIPMENT SUPPLY COMPANY
> **$484K** approved 04/07/2020 · Paid in Full · Loan `6986047009`
## Borrower
- **Name:** LOEB EQUIPMENT SUPPLY COMPANY
- **Address:** 8096 W. BRYN MAWR AVE 208, CHICAGO, IL, 60631-3524
- **NAICS:** 423440
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $484K
- **Initial approval:** $484K
- **Forgiven:** $488K (101%)
- **Forgiveness date:** 12/31/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $447K
- **Rent:** $11K
- **Mortgage interest:** $23K
- **Utilities:** $3K
- **Jobs reported:** 24
## Lender
- **Originating:** Old Second National Bank
- **Servicing:** Old Second National Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*