# PPP loan: NORNAT V, INC.
> **$350K** approved 04/05/2020 · Paid in Full · Loan `5410347008`
## Borrower
- **Name:** NORNAT V, INC.
- **Address:** 12700 S Ashland Ave, CHICAGO, IL, 60643
- **NAICS:** 722513
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $350K
- **Initial approval:** $350K
- **Forgiven:** $353K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $350K
- **Jobs reported:** 96
## Lender
- **Originating:** Peoples Bank of Kankakee County
- **Servicing:** Peoples Bank of Kankakee County (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*