# PPP loan: MICHAEL MCGINN, INC.
> **$192K** approved 04/14/2020 · Paid in Full · Loan `7501537109`
## Borrower
- **Name:** MICHAEL MCGINN, INC.
- **Address:** 1627 COLONIAL PKWY, STE 100, INVERNESS, IL, 60067-4732
- **NAICS:** 621610
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $192K
- **Initial approval:** $192K
- **Forgiven:** $194K (101%)
- **Forgiveness date:** 08/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $144K
- **Rent:** $29K
- **Utilities:** $19K
- **Jobs reported:** 40
## Lender
- **Originating:** Barrington Bank & Trust Company, National Association
- **Servicing:** Barrington Bank & Trust Company, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*