# PPP loan: PROGRESSIVE PACKAGING CORPORATION
> **$200K** approved 04/09/2020 · Exemption 4 · Loan `9907597006`
## Borrower
- **Name:** PROGRESSIVE PACKAGING CORPORATION
- **Address:** 555 E BUTTERFIELD RD  STE 209, LOMBARD, IL, 60148-5607
- **NAICS:** 454390
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $200K
- **Initial approval:** $10.00M
- **Forgiven:** $148K (74%)
- **Forgiveness date:** 04/13/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $200K
- **Jobs reported:** 4
## Lender
- **Originating:** Fifth Third Bank
- **Servicing:** Fifth Third Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*