# PPP loan: RONCO INDUSTRIAL SUPPLY COMPANY
> **$251K** approved 04/07/2020 · Paid in Full · Loan `7608497001`
## Borrower
- **Name:** RONCO INDUSTRIAL SUPPLY COMPANY
- **Address:** 700 FRONTIER WAY, BENSENVILLE, IL, 60106-1192
- **NAICS:** 423710
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $251K
- **Initial approval:** $251K
- **Forgiven:** $253K (101%)
- **Forgiveness date:** 06/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $200K
- **Rent:** $25K
- **Mortgage interest:** $13K
- **Utilities:** $13K
- **Jobs reported:** 18
## Lender
- **Originating:** Cornerstone National Bank & Trust Company
- **Servicing:** Cornerstone National Bank & Trust Company (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*