# PPP loan: PROSPECT FASTENER CORPORATION
> **$403K** approved 04/09/2020 · Paid in Full · Loan `8898887002`
## Borrower
- **Name:** PROSPECT FASTENER CORPORATION
- **Address:** 1295 Kyle Ct, Wauconda, IL, 60084-1099
- **NAICS:** 423710
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $403K
- **Initial approval:** $403K
- **Forgiven:** $405K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $403K
- **Jobs reported:** 30
## Lender
- **Originating:** First Midwest Bank, A Division of Old National Bank
- **Servicing:** Old National Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*