# PPP loan: CHARTER PROPERTIES, INC.
> **$485K** approved 04/07/2020 · Paid in Full · Loan `6554917006`
## Borrower
- **Name:** CHARTER PROPERTIES, INC.
- **Address:** 1500 ARTHUR AVE, ELK GROVE VILLAGE, IL, 60007-5726
- **NAICS:** 484210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $485K
- **Initial approval:** $485K
- **Forgiven:** $489K (101%)
- **Forgiveness date:** 03/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $388K
- **Rent:** $48K
- **Mortgage interest:** $24K
- **Utilities:** $24K
- **Jobs reported:** 39
## Lender
- **Originating:** Cornerstone National Bank & Trust Company
- **Servicing:** Cornerstone National Bank & Trust Company (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*