# PPP loan: SCARLET CONSTRUCTION INC.
> **$483K** approved 04/13/2020 · Paid in Full · Loan `5055407105`
## Borrower
- **Name:** SCARLET CONSTRUCTION INC.
- **Address:** 20701 Oaklane Drive Ste 113, OLYMPIA FIELDS, IL, 60461
- **NAICS:** 236115
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $483K
- **Initial approval:** $483K
- **Forgiven:** $491K (102%)
- **Forgiveness date:** 02/10/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $362K
- **Mortgage interest:** $60K
- **Utilities:** $60K
- **Jobs reported:** 14
## Lender
- **Originating:** Wheaton Bank & Trust Company, National Association
- **Servicing:** Wheaton Bank & Trust Company, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*