# PPP loan: THE MATERIAL WORKS, LTD
> **$1.35M** approved 04/07/2020 · Paid in Full · Loan `7632947005`
## Borrower
- **Name:** THE MATERIAL WORKS, LTD
- **Address:** 101 S. Main Street, RED BUD, IL, 62278-1104
- **NAICS:** 332813
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.35M
- **Initial approval:** $1.35M
- **Forgiven:** $1.37M (101%)
- **Forgiveness date:** 09/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.35M
- **Jobs reported:** 90
## Lender
- **Originating:** CIBC Bank USA
- **Servicing:** CIBC Bank USA (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*