# PPP loan: SOUTHFIELD CORPORATION
> **$5.01M** approved 04/08/2020 · Paid in Full · Loan `7858707006`
## Borrower
- **Name:** SOUTHFIELD CORPORATION
- **Address:** 8995 W 95TH ST, PALOS HILLS, IL, 60465-5030
- **NAICS:** 423320
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $5.01M
- **Initial approval:** $5.01M
- **Forgiven:** $5.07M (101%)
- **Forgiveness date:** 06/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $5.01M
- **Jobs reported:** 338
## 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*