# PPP loan: KERR MECHANICAL CORP
> **$258K** approved 04/07/2020 · Paid in Full · Loan `7137507005`
## Borrower
- **Name:** KERR MECHANICAL CORP
- **Address:** MAIN ST, MOUNT PROSPECT, IL, 60056-2114
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $258K
- **Initial approval:** $258K
- **Forgiven:** $260K (101%)
- **Forgiveness date:** 02/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $193K
- **Rent:** $39K
- **Utilities:** $26K
- **Jobs reported:** 15
## Lender
- **Originating:** Village Bank and Trust, National Association
- **Servicing:** Village Bank and Trust, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*