# PPP loan: INDUSTRIAL KINETICS, INC.
> **$570K** approved 04/14/2020 · Paid in Full · Loan `7906987102`
## Borrower
- **Name:** INDUSTRIAL KINETICS, INC.
- **Address:** 2535 CURTISS ST, DOWNERS GROVE, IL, 60515
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $570K
- **Initial approval:** $570K
- **Forgiven:** $575K (101%)
- **Forgiveness date:** 03/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $570K
- **Jobs reported:** 39
## Lender
- **Originating:** FNBC Bank and Trust
- **Servicing:** FNBC Bank and Trust (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*