# PPP loan: TEKLAB, INCORPORATED
> **$720K** approved 04/08/2020 · Paid in Full · Loan `8593847000`
## Borrower
- **Name:** TEKLAB, INCORPORATED
- **Address:** 5445 HORSESHOE LAKE RD, COLLINSVILLE, IL, 62234-7425
- **NAICS:** 541380
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $720K
- **Initial approval:** $720K
- **Forgiven:** $724K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $633K
- **Rent:** $50K
- **Utilities:** $30K
- **Debt interest:** $7K
- **Jobs reported:** 71
## Lender
- **Originating:** Bank of O'Fallon
- **Servicing:** Bank of O'Fallon (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*