# PPP loan: GLOBAL MATERIAL TECHNOLOGIES, INC.
> **$2.23M** approved 04/07/2020 · Paid in Full · Loan `7010377006`
## Borrower
- **Name:** GLOBAL MATERIAL TECHNOLOGIES, INC.
- **Address:** 750 W. LAKE COOK RD Suite 480, BUFFALO GROVE, IL, 60089-1904
- **NAICS:** 332999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.23M
- **Initial approval:** $2.23M
- **Forgiven:** $2.26M (101%)
- **Forgiveness date:** 05/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.23M
- **Jobs reported:** 185
## Lender
- **Originating:** CIBC Bank USA
- **Servicing:** CIBC Bank USA (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*