# PPP loan: MEDSTAR LABORATORY, INC.
> **$1.01M** approved 04/15/2020 · Paid in Full · Loan `8010937100`
## Borrower
- **Name:** MEDSTAR LABORATORY, INC.
- **Address:** 4531 W HARRISON ST, HILLSIDE, IL, 60162-1614
- **NAICS:** 621511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.01M
- **Initial approval:** $1.01M
- **Forgiven:** $1.01M (101%)
- **Forgiveness date:** 02/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $804K
- **Rent:** $101K
- **Mortgage interest:** $50K
- **Utilities:** $50K
- **Jobs reported:** 187
## 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*