# PPP loan: REDMON'S VILLAGE TOWING, INC.
> **$389K** approved 04/07/2020 · Paid in Full · Loan `7168327002`
## Borrower
- **Name:** REDMON'S VILLAGE TOWING, INC.
- **Address:** 1323 S. RODENBURG RD, SCHAUMBURG, IL, 60193-3527
- **NAICS:** 488410
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $389K
- **Initial approval:** $389K
- **Forgiven:** $392K (101%)
- **Forgiveness date:** 02/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $295K
- **Rent:** $75K
- **Utilities:** $6K
- **Health care:** $13K
- **Jobs reported:** 34
## Lender
- **Originating:** Heritage Bank of Schaumburg
- **Servicing:** Heritage Bank of Schaumburg (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*