# PPP loan: ARMOUR PACKAGING TECHNOLOGY INC
> **$230K** approved 04/14/2020 · Exemption 4 · Loan `7857407106`
## Borrower
- **Name:** ARMOUR PACKAGING TECHNOLOGY INC
- **Address:** 901 Hilltop Drive, ITASCA, IL, 60143
- **NAICS:** 561910
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $230K
- **Initial approval:** $230K
- **Forgiven:** $193K (84%)
- **Forgiveness date:** 12/08/2020
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $230K
- **Jobs reported:** 24
## Lender
- **Originating:** The Huntington National Bank
- **Servicing:** The Huntington National Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*