# PPP loan: PATEL
> **$150K** approved 05/01/2020 · Exemption 4 · Loan `7737857706`
## Borrower
- **Name:** PATEL
- **Address:** 2920 N ASHLAND AVE, CHICAGO, IL, 60657
- **NAICS:** 621210
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $150K
- **Initial approval:** $150K
- **Forgiven:** $122K (81%)
- **Forgiveness date:** 08/13/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $150K
- **Jobs reported:** 13
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*