# PPP loan: VINAYAKA HOSPITALITY SCHAUMBURG LLC
> **$242K** approved 02/11/2021 · Paid in Full · Loan `7227278400`
## Borrower
- **Name:** VINAYAKA HOSPITALITY SCHAUMBURG LLC
- **Address:** 1725 E Algonquin Rd, Schaumburg, IL, 60173-4119
- **NAICS:** 721110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $242K
- **Initial approval:** $242K
- **Forgiven:** $244K (101%)
- **Forgiveness date:** 12/02/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $242K
- **Utilities:** $1
- **Jobs reported:** 54
## 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*