# PPP loan: VEHICLE LIFTS & MECHANICAL EQUIPMENT INC.
> **$227K** approved 06/17/2020 · Paid in Full · Loan `7668007900`
## Borrower
- **Name:** VEHICLE LIFTS & MECHANICAL EQUIPMENT INC.
- **Address:** 715 LAKE ST SUITE 809, OAK PARK, IL, 60301-1403
- **NAICS:** 238290
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $227K
- **Initial approval:** $227K
- **Forgiven:** $231K (102%)
- **Forgiveness date:** 03/23/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $227K
- **Jobs reported:** 8
## Lender
- **Originating:** Byline Bank
- **Servicing:** Byline Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*