# PPP loan: GEWALT HAMILTON ASSOCIATES INC
> **$1.49M** approved 04/05/2020 · Paid in Full · Loan `5160867007`
## Borrower
- **Name:** GEWALT HAMILTON ASSOCIATES INC
- **Address:** 625 FOREST EDGE DR, VERNON HILLS, IL, 60061-4104
- **NAICS:** 541330
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.49M
- **Initial approval:** $1.49M
- **Forgiven:** $1.50M (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.25M
- **Mortgage interest:** $42K
- **Utilities:** $200K
- **Jobs reported:** 94
## Lender
- **Originating:** Lake Forest Bank & Trust Company, National Association
- **Servicing:** Lake Forest 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*