# PPP loan: FAREVA MORTON GROVE, INC.
> **$3.23M** approved 05/12/2020 · Paid in Full · Loan `5336937401`
## Borrower
- **Name:** FAREVA MORTON GROVE, INC.
- **Address:** 6901 GOLF RD, MORTON GROVE, IL, 60053-1346
- **NAICS:** 325412
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $3.23M
- **Initial approval:** $3.23M
- **Forgiven:** $3.28M (101%)
- **Forgiveness date:** 09/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.43M
- **Rent:** $485K
- **Utilities:** $324K
- **Jobs reported:** 231
## Lender
- **Originating:** Northbrook Bank & Trust Company, National Association
- **Servicing:** Northbrook 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*