# PPP loan: AMERICAN DEMOLITION CORPORATION
> **$1.42M** approved 02/11/2021 · Paid in Full · Loan `7322628407`
## Borrower
- **Name:** AMERICAN DEMOLITION CORPORATION
- **Address:** 305 Ramona Ave, Elgin, IL, 60120-8029
- **NAICS:** 238910
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.42M
- **Initial approval:** $1.42M
- **Forgiven:** $1.43M (101%)
- **Forgiveness date:** 08/23/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.42M
- **Jobs reported:** 83
## Lender
- **Originating:** Old Second National Bank
- **Servicing:** Old Second National Bank (IL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*