# PPP loan: MITCHELL AIRCRAFT SPARES, INC
> **$868K** approved 04/09/2020 · Paid in Full · Loan `9518617006`
## Borrower
- **Name:** MITCHELL AIRCRAFT SPARES, INC
- **Address:** 1160 Alexander Court 0.0, Cary, IL, 60013-1892
- **NAICS:** 423860
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $868K
- **Initial approval:** $868K
- **Forgiven:** $878K (101%)
- **Forgiveness date:** 06/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $756K
- **Rent:** $39K
- **Utilities:** $11K
- **Health care:** $61K
- **Jobs reported:** 48
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*