# PPP loan: MAGNUS SCREW PRODUCTS CO.
> **$155K** approved 02/11/2021 · Paid in Full · Loan `7078798409`
## Borrower
- **Name:** MAGNUS SCREW PRODUCTS CO.
- **Address:** 1818 N Latrobe Ave, Chicago, IL, 60639-4351
- **NAICS:** 332722
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $155K
- **Initial approval:** $155K
- **Forgiven:** $157K (101%)
- **Forgiveness date:** 04/06/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $155K
- **Utilities:** $1
- **Jobs reported:** 15
## Lender
- **Originating:** First Midwest Bank, A Division of Old National Bank
- **Servicing:** Old National Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*