# PPP loan: O'HARE KARS, INC.
> **$200K** approved 04/08/2020 · Paid in Full · Loan `7757407000`
## Borrower
- **Name:** O'HARE KARS, INC.
- **Address:** 31W450 SPAULDING RD, ELGIN, IL, 60120-7300
- **NAICS:** 423140
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $200K
- **Initial approval:** $200K
- **Forgiven:** $201K (101%)
- **Forgiveness date:** 02/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $150K
- **Mortgage interest:** $30K
- **Utilities:** $20K
- **Jobs reported:** 15
## Lender
- **Originating:** Village Bank and Trust, National Association
- **Servicing:** Village Bank and Trust, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*