# PPP loan: VIP VALET SERVICES INC
> **$167K** approved 01/25/2021 · Exemption 4 · Loan `5657518303`
## Borrower
- **Name:** VIP VALET SERVICES INC
- **Address:** 11N625 Stoneridge Ct, Elgin, IL, 60124-8165
- **NAICS:** 812930
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $167K
- **Initial approval:** $167K
- **Forgiven:** $73K (44%)
- **Forgiveness date:** 05/26/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $167K
- **Utilities:** $1
- **Jobs reported:** 60
## Lender
- **Originating:** BMO Bank National Association
- **Servicing:** BMO Bank National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*