# PPP loan: GALAXY PRECISION MANUFACTURING INC
> **$377K** approved 04/14/2020 · Paid in Full · Loan `7686877101`
## Borrower
- **Name:** GALAXY PRECISION MANUFACTURING INC
- **Address:** 2636 UNITED LN, ELK GROVE VILLAGE, IL, 60007-6821
- **NAICS:** 333511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $377K
- **Initial approval:** $377K
- **Forgiven:** $379K (101%)
- **Forgiveness date:** 12/31/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $339K
- **Rent:** $32K
- **Utilities:** $6K
- **Jobs reported:** 29
## Lender
- **Originating:** Itasca Bank & Trust Co.
- **Servicing:** Itasca Bank & Trust Co. (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*