# PPP loan: KAREL & ASSOCIATES, LTD.
> **$341K** approved 04/05/2020 · Paid in Full · Loan `5327337004`
## Borrower
- **Name:** KAREL & ASSOCIATES, LTD.
- **Address:** 707 SKOKIE BLVD STE 200, NORTHBROOK, IL, 60062-2800
- **NAICS:** 524298
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $341K
- **Initial approval:** $341K
- **Forgiven:** $344K (101%)
- **Forgiveness date:** 04/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $341K
- **Jobs reported:** 23
## Lender
- **Originating:** American Community Bank & Trust
- **Servicing:** American Community Bank & Trust (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*