# PPP loan: IDEAL CHARTER MANAGEMENT, LLC
> **$369K** approved 04/28/2020 · Exemption 4 · Loan `7257287201`
## Borrower
- **Name:** IDEAL CHARTER MANAGEMENT, LLC
- **Address:** 6854 Oakview Ct, OAK FOREST, IL, 60452
- **NAICS:** 487110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $369K
- **Initial approval:** $369K
- **Forgiven:** $158K (43%)
- **Forgiveness date:** 08/30/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $277K
- **Rent:** $55K
- **Utilities:** $37K
- **Jobs reported:** 52
## Lender
- **Originating:** American Express National Bank
- **Servicing:** American Express National Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*