# PPP loan: K&L CONTRACTORS INC.
> **$257K** approved 04/11/2020 · Paid in Full · Loan `3255367101`
## Borrower
- **Name:** K&L CONTRACTORS INC.
- **Address:** 1201 LUNT AVE, ELK GROVE VILLAGE, IL, 60007-5617
- **NAICS:** 238990
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $257K
- **Initial approval:** $257K
- **Forgiven:** $260K (101%)
- **Forgiveness date:** 07/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $206K
- **Rent:** $39K
- **Utilities:** $13K
- **Jobs reported:** 14
## Lender
- **Originating:** Cornerstone National Bank & Trust Company
- **Servicing:** Cornerstone National Bank & Trust Company (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*