# PPP loan: OPHTHALMOLOGY ASSOCIATES LTD
> **$248K** approved 05/01/2020 · Paid in Full · Loan `2925687708`
## Borrower
- **Name:** OPHTHALMOLOGY ASSOCIATES LTD
- **Address:** 1670 CAPITAL ST STE 100, ELGIN, IL, 60124
- **NAICS:** —
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $248K
- **Initial approval:** $248K
- **Forgiven:** $250K (101%)
- **Forgiveness date:** 02/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $198K
- **Rent:** $42K
- **Utilities:** $1K
- **Health care:** $7K
- **Jobs reported:** 21
## 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*