# PPP loan: CARDINAL RECYCLING COMPANY
> **$163K** approved 04/08/2020 · Paid in Full · Loan `8454427003`
## Borrower
- **Name:** CARDINAL RECYCLING COMPANY
- **Address:** 2600 BEYER RD, MORRIS, IL, 60450-7650
- **NAICS:** 423930
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $163K
- **Initial approval:** $163K
- **Forgiven:** $164K (101%)
- **Forgiveness date:** 12/10/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $130K
- **Mortgage interest:** $24K
- **Utilities:** $8K
- **Jobs reported:** 12
## Lender
- **Originating:** Grundy Bank
- **Servicing:** Grundy Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*