# PPP loan: VIP SERVICES INC
> **$167K** approved 04/07/2020 · Exemption 4 · Loan `6880637000`
## Borrower
- **Name:** VIP 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:** $147K (88%)
- **Forgiveness date:** 08/17/2021
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $167K
- **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*