# PPP loan: LAKE CONTRACTING, INC.
> **$490K** approved 04/09/2020 · Paid in Full · Loan `9242557010`
## Borrower
- **Name:** LAKE CONTRACTING, INC.
- **Address:** 4650 Stone Church Road, ADDIEVILLE, IL, 62214-1532
- **NAICS:** 236220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $490K
- **Initial approval:** $490K
- **Forgiven:** $495K (101%)
- **Forgiveness date:** 04/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $485K
- **Utilities:** $5K
- **Jobs reported:** 27
## Lender
- **Originating:** The Old Exchange National Bank of Okawville
- **Servicing:** The Old Exchange National Bank of Okawville (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*