# PPP loan: CATHAY INDUSTRIES (USA) INC.
> **$474K** approved 04/08/2020 · Paid in Full · Loan `7883287002`
## Borrower
- **Name:** CATHAY INDUSTRIES (USA) INC.
- **Address:** 2340 Kenyon Road, BARTLETT, IL, 60103
- **NAICS:** 424950
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $474K
- **Initial approval:** $475K
- **Forgiven:** $477K (101%)
- **Forgiveness date:** 12/08/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $355K
- **Rent:** $118K
- **Jobs reported:** 37
## Lender
- **Originating:** Busey Bank
- **Servicing:** Busey Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*