# PPP loan: PARAGON PIPECOVERS INC.
> **$164K** approved 03/12/2021 · Paid in Full · Loan `9680578502`
## Borrower
- **Name:** PARAGON PIPECOVERS INC.
- **Address:** 26791 Clayvin Canyon Rd, Kane, IL, 62054-2114
- **NAICS:** 238310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $164K
- **Initial approval:** $164K
- **Forgiven:** $165K (100%)
- **Forgiveness date:** 09/14/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $164K
- **Utilities:** $1
- **Jobs reported:** 5
## Lender
- **Originating:** Carrollton Bank
- **Servicing:** Carrollton Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*