# PPP loan: PAPERPAK, LLC
> **$239K** approved 04/15/2020 · Paid in Full · Loan `8620337105`
## Borrower
- **Name:** PAPERPAK, LLC
- **Address:** 1722 53RD ST, FORT MADISON, IA, 52627-9508
- **NAICS:** 322299
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $239K
- **Initial approval:** $239K
- **Forgiven:** $241K (101%)
- **Forgiveness date:** 11/25/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $180K
- **Rent:** $50K
- **Utilities:** $9K
- **Jobs reported:** 26
## Lender
- **Originating:** Old Second National Bank
- **Servicing:** Old Second National Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*