# PPP loan: PRES-ON CORPORATION
> **$709K** approved 04/14/2020 · Paid in Full · Loan `7184167100`
## Borrower
- **Name:** PRES-ON CORPORATION
- **Address:** 2600 E 107th Street, BOLINGBROOK, IL, 60440-3196
- **NAICS:** 325520
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $709K
- **Initial approval:** $709K
- **Forgiven:** $713K (101%)
- **Forgiveness date:** 11/12/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $592K
- **Rent:** $52K
- **Utilities:** $21K
- **Health care:** $44K
- **Jobs reported:** 70
## 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*