# PPP loan: HORIZON CARPENTRY, INC.
> **$2.47M** approved 04/08/2020 · Paid in Full · Loan `7692167009`
## Borrower
- **Name:** HORIZON CARPENTRY, INC.
- **Address:** 196 N. Edison Avenue, ELGIN, IL, 60121-5215
- **NAICS:** 238130
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $2.47M
- **Initial approval:** $2.47M
- **Forgiven:** $2.50M (101%)
- **Forgiveness date:** 06/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.98M
- **Rent:** $371K
- **Mortgage interest:** $124K
- **Jobs reported:** 173
## 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*