# PPP loan: BAKES STEEL ERECTORS
> **$607K** approved 01/25/2021 · Paid in Full · Loan `5183108306`
## Borrower
- **Name:** BAKES STEEL ERECTORS
- **Address:** 33243 N US Highway 45, Grayslake, IL, 60030-2209
- **NAICS:** 238990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $607K
- **Initial approval:** $607K
- **Forgiven:** $616K (102%)
- **Forgiveness date:** 08/17/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $607K
- **Utilities:** $1
- **Jobs reported:** 31
## Lender
- **Originating:** American Community Bank & Trust
- **Servicing:** American Community Bank & Trust (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*