# PPP loan: PAYROLL ASSOCIATES INC.
> **$630K** approved 04/05/2020 · Paid in Full · Loan `5436357009`
## Borrower
- **Name:** PAYROLL ASSOCIATES INC.
- **Address:** OAKTON ST, ELK GROVE VILLAGE, IL, 60007-1124
- **NAICS:** 541214
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $630K
- **Initial approval:** $630K
- **Forgiven:** $633K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $472K
- **Rent:** $39K
- **Utilities:** $39K
- **Health care:** $39K
- **Debt interest:** $39K
- **Jobs reported:** 33
## Lender
- **Originating:** Village Bank and Trust, National Association
- **Servicing:** Village Bank and Trust, National Association (IL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*