# PPP loan: CEREAL BYPRODUCTS COMPANY INC.
> **$817K** approved 04/08/2020 · Paid in Full · Loan `8160217004`
## Borrower
- **Name:** CEREAL BYPRODUCTS COMPANY INC.
- **Address:** KENSINGTON RD, MOUNT PROSPECT, IL, 60056-1363
- **NAICS:** 424910
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $817K
- **Initial approval:** $817K
- **Forgiven:** $824K (101%)
- **Forgiveness date:** 03/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $612K
- **Rent:** $51K
- **Utilities:** $51K
- **Health care:** $51K
- **Debt interest:** $51K
- **Jobs reported:** 46
## Lender
- **Originating:** Village Bank and Trust, National Association
- **Servicing:** Village Bank and Trust, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*