# PPP loan: LYNCH INCORPORATED
> **$451K** approved 04/07/2020 · Paid in Full · Loan `7566437006`
## Borrower
- **Name:** LYNCH INCORPORATED
- **Address:** 792 W. Bartlett Rd., BARTLETT, IL, 60103-4482
- **NAICS:** 541512
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $451K
- **Initial approval:** $451K
- **Forgiven:** $454K (101%)
- **Forgiveness date:** 01/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $338K
- **Rent:** $45K
- **Health care:** $68K
- **Jobs reported:** 24
## Lender
- **Originating:** St. Charles Bank & Trust Company, National Association
- **Servicing:** St. Charles Bank & Trust Company, National Association (IL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*