# PPP loan: SERVINGINTEL INC.
> **$417K** approved 04/15/2020 · Paid in Full · Loan `8070747104`
## Borrower
- **Name:** SERVINGINTEL INC.
- **Address:** 454 Hancock Avenue, SOUTH ELGIN, IL, 60177
- **NAICS:** 423430
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $417K
- **Initial approval:** $417K
- **Forgiven:** $419K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $333K
- **Rent:** $42K
- **Mortgage interest:** $21K
- **Utilities:** $21K
- **Jobs reported:** 33
## Lender
- **Originating:** Cornerstone National Bank & Trust Company
- **Servicing:** Cornerstone National Bank & Trust Company (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*