# PPP loan: CHICAGO INDUSTRIAL EQUIPMENT INC.
> **$164K** approved 01/27/2021 · Paid in Full · Loan `7102508306`
## Borrower
- **Name:** CHICAGO INDUSTRIAL EQUIPMENT INC.
- **Address:** 600 Oakwood Ct, Joliet, IL, 60436-1211
- **NAICS:** 423110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $164K
- **Initial approval:** $164K
- **Forgiven:** $165K (101%)
- **Forgiveness date:** 11/17/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $164K
- **Jobs reported:** 23
## Lender
- **Originating:** Old Second National Bank
- **Servicing:** Old Second National Bank (IL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*