# PPP loan: LAYSTROM MANUFACTURING CO.
> **$641K** approved 04/09/2020 · Paid in Full · Loan `9920197009`
## Borrower
- **Name:** LAYSTROM MANUFACTURING CO.
- **Address:** 3900 W. PALMER ST, CHICAGO, IL, 60647-2216
- **NAICS:** 332322
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $641K
- **Initial approval:** $641K
- **Forgiven:** $645K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $552K
- **Mortgage interest:** $6K
- **Utilities:** $29K
- **Health care:** $52K
- **Debt interest:** $2K
- **Jobs reported:** 67
## 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*