# PPP loan: SBS STEEL BELT SYSTEMS USA INC
> **$242K** approved 02/12/2021 · Paid in Full · Loan `7490398409`
## Borrower
- **Name:** SBS STEEL BELT SYSTEMS USA INC
- **Address:** 59 Prairie Pkwy, Gilberts, IL, 60136-4039
- **NAICS:** 333922
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $242K
- **Initial approval:** $242K
- **Forgiven:** $243K (101%)
- **Forgiveness date:** 09/23/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $242K
- **Utilities:** $1
- **Jobs reported:** 11
## Lender
- **Originating:** First American Bank
- **Servicing:** First American Bank (IL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*