# PPP loan: BALDOR CHICAGO INC
> **$408K** approved 04/14/2020 · Paid in Full · Loan `6994167108`
## Borrower
- **Name:** BALDOR CHICAGO INC
- **Address:** 1055B REMINGTON BLVD, BOLINGBROOK, IL, 60440-4616
- **NAICS:** 423830
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $408K
- **Initial approval:** $408K
- **Forgiven:** $410K (101%)
- **Forgiveness date:** 12/02/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $408K
- **Jobs reported:** 28
## Lender
- **Originating:** Itasca Bank & Trust Co.
- **Servicing:** Itasca Bank & Trust Co. (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*