# PPP loan: MAXXSONICS USA, INC.
> **$387K** approved 04/07/2020 · Paid in Full · Loan `7318367010`
## Borrower
- **Name:** MAXXSONICS USA, INC.
- **Address:** 851 E Park Ave, LIBERTYVILLE, IL, 60048-2980
- **NAICS:** 334310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $387K
- **Initial approval:** $387K
- **Forgiven:** $389K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $280K
- **Rent:** $60K
- **Utilities:** $7K
- **Health care:** $39K
- **Jobs reported:** 23
## 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*