# PPP loan: PAUL'S FAMILY RESTAURANT, INC.
> **$254K** approved 04/28/2020 · Paid in Full · Loan `6857077207`
## Borrower
- **Name:** PAUL'S FAMILY RESTAURANT, INC.
- **Address:** 1300 LAWRENCE AVE, ELGIN, IL, 60123-3363
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $254K
- **Initial approval:** $254K
- **Forgiven:** $259K (102%)
- **Forgiveness date:** 12/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $191K
- **Rent:** $38K
- **Utilities:** $25K
- **Jobs reported:** 70
## Lender
- **Originating:** Village Bank and Trust, National Association
- **Servicing:** Village Bank and Trust, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*