# PPP loan: KILT OF SCHAUMBURG INC
> **$158K** approved 05/01/2020 · Charged Off · Loan `1379817707`
## Borrower
- **Name:** KILT OF SCHAUMBURG INC
- **Address:** 1140 E. Higgins Rd., SCHAUMBURG, IL, 60173
- **NAICS:** 722410
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $158K
- **Initial approval:** $158K
- **Forgiven:** $134K (85%)
- **Forgiveness date:** 08/17/2021
- **Status:** Charged Off
- **Term:** 1 months
## Use of funds
- **Payroll:** $119K
- **Rent:** $39K
- **Jobs reported:** 25
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*