# PPP loan: CHANNELED RESOURCES, INC.
> **$862K** approved 04/06/2020 · Paid in Full · Loan `6189977003`
## Borrower
- **Name:** CHANNELED RESOURCES, INC.
- **Address:** 240 N. Ashland, CHICAGO, IL, 60607
- **NAICS:** 322220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $862K
- **Initial approval:** $862K
- **Forgiven:** $872K (101%)
- **Forgiveness date:** 06/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $647K
- **Mortgage interest:** $108K
- **Utilities:** $108K
- **Jobs reported:** 92
## Lender
- **Originating:** Wheaton Bank & Trust Company, National Association
- **Servicing:** Wheaton 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*