# PPP loan: PERFECTION SPRING & STAMPING CORP.
> **$706K** approved 04/07/2020 · Paid in Full · Loan `7114987006`
## Borrower
- **Name:** PERFECTION SPRING & STAMPING CORP.
- **Address:** 1449 E. Algonquin Road, MOUNT PROSPECT, IL, 60056-5510
- **NAICS:** 332613
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $706K
- **Initial approval:** $706K
- **Forgiven:** $712K (101%)
- **Forgiveness date:** 02/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $565K
- **Rent:** $42K
- **Utilities:** $41K
- **Health care:** $59K
- **Jobs reported:** 62
## Lender
- **Originating:** Busey Bank
- **Servicing:** Busey Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*