# PPP loan: RAND-TEC INSURANCE AGENCY INC.
> **$396K** approved 04/08/2020 · Paid in Full · Loan `8031987005`
## Borrower
- **Name:** RAND-TEC INSURANCE AGENCY INC.
- **Address:** 997 Lakeview Parkway Suite 105, VERNON HILLS, IL, 60061-1442
- **NAICS:** 524210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $396K
- **Initial approval:** $396K
- **Forgiven:** $400K (101%)
- **Forgiveness date:** 06/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $396K
- **Jobs reported:** 24
## 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*