# PPP loan: DR PALERMO AND ASSOCIATES, LTD
> **$151K** approved 04/06/2020 · Paid in Full · Loan `5890497005`
## Borrower
- **Name:** DR PALERMO AND ASSOCIATES, LTD
- **Address:** 18 SOUTH EVERGREEN, ARLINGTON HEIGHTS, IL, 60005
- **NAICS:** 621320
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $151K
- **Initial approval:** $151K
- **Forgiven:** $152K (101%)
- **Forgiveness date:** 03/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $122K
- **Rent:** $17K
- **Utilities:** $4K
- **Health care:** $8K
- **Jobs reported:** 13
## Lender
- **Originating:** Stearns Bank National Association
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*