# PPP loan: PETERSEN BROS. PLASTICS, INC.
> **$188K** approved 04/28/2020 · Paid in Full · Loan `8990637207`
## Borrower
- **Name:** PETERSEN BROS. PLASTICS, INC.
- **Address:** 2929 N. PULASKI RD, CHICAGO, IL, 60641-5421
- **NAICS:** 325211
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $188K
- **Initial approval:** $188K
- **Forgiven:** $189K (101%)
- **Forgiveness date:** 05/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $150K
- **Rent:** $9K
- **Utilities:** $19K
- **Debt interest:** $9K
- **Jobs reported:** 21
## Lender
- **Originating:** Cornerstone National Bank & Trust Company
- **Servicing:** Cornerstone National Bank & Trust Company (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*