# PPP loan: OLMAR CORPORATION, INC.
> **$293K** approved 04/07/2020 · Paid in Full · Loan `7136787006`
## Borrower
- **Name:** OLMAR CORPORATION, INC.
- **Address:** 958 W BELMONT AVE, CHICAGO, IL, 60657-4438
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $293K
- **Initial approval:** $293K
- **Forgiven:** $297K (101%)
- **Forgiveness date:** 08/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $220K
- **Mortgage interest:** $37K
- **Utilities:** $37K
- **Jobs reported:** 20
## Lender
- **Originating:** Schaumburg Bank & Trust Company, National Association
- **Servicing:** Schaumburg 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*