# PPP loan: NELSON INSULATION COMPANY - COLORADO
> **$150K** approved 04/09/2020 · Paid in Full · Loan `9768407005`
## Borrower
- **Name:** NELSON INSULATION COMPANY - COLORADO
- **Address:** 550 TELSER RD, LAKE ZURICH, IL, 60047-1500
- **NAICS:** 238290
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $150K
- **Initial approval:** $150K
- **Forgiven:** $151K (101%)
- **Forgiveness date:** 12/08/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $120K
- **Rent:** $23K
- **Utilities:** $8K
- **Jobs reported:** 14
## 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*