# PPP loan: WORTH STEEL AND MACHINE CO.
> **$249K** approved 04/08/2020 · Paid in Full · Loan `8038007007`
## Borrower
- **Name:** WORTH STEEL AND MACHINE CO.
- **Address:** 4001 W 123RD ST, ALSIP, IL, 60803-1801
- **NAICS:** 331222
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $249K
- **Initial approval:** $249K
- **Forgiven:** $252K (101%)
- **Forgiveness date:** 07/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $199K
- **Rent:** $25K
- **Mortgage interest:** $12K
- **Utilities:** $12K
- **Jobs reported:** 26
## 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*