# PPP loan: COLONIAL ICE CREAM INC.
> **$871K** approved 04/15/2020 · Paid in Full · Loan `9851187110`
## Borrower
- **Name:** COLONIAL ICE CREAM INC.
- **Address:** 333 RANDALL RD, SAINT CHARLES, IL, 60174-1573
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $871K
- **Initial approval:** $871K
- **Forgiven:** $878K (101%)
- **Forgiveness date:** 02/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $668K
- **Rent:** $122K
- **Mortgage interest:** $9K
- **Utilities:** $45K
- **Health care:** $28K
- **Jobs reported:** 106
## Lender
- **Originating:** Busey Bank
- **Servicing:** Busey Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*