# PPP loan: INSTITUTE OF GAS TECHNOLOGY
> **$8.55M** approved 05/01/2020 · Paid in Full · Loan `7175287709`
## Borrower
- **Name:** INSTITUTE OF GAS TECHNOLOGY
- **Address:** 1700 S Mount Prospect Rd, Des Plaines, IL, 60018
- **NAICS:** 541712
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $8.55M
- **Initial approval:** $8.55M
- **Forgiven:** $8.35M (98%)
- **Forgiveness date:** 07/14/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $8.55M
- **Jobs reported:** 410
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*