# PPP loan: MATERIAL CONTROL, INC.
> **$4.12M** approved 04/09/2020 · Paid in Full · Loan `8946667001`
## Borrower
- **Name:** MATERIAL CONTROL, INC.
- **Address:** 525 N. RIVER ST Ste 100, BATAVIA, IL, 60510-2361
- **NAICS:** 332999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.12M
- **Initial approval:** $4.12M
- **Forgiven:** $4.18M (101%)
- **Forgiveness date:** 07/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $4.12M
- **Jobs reported:** 353
## Lender
- **Originating:** Eastern Michigan Bank
- **Servicing:** Eastern Michigan Bank (MI)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*