# PPP loan: VIRTUAL CHANNEL LTD.
> **$244K** approved 04/07/2021 · Paid in Full · Loan `8551598703`
## Borrower
- **Name:** VIRTUAL CHANNEL LTD.
- **Address:** 125 E Lake St Ste 202, Bloomingdale, IL, 60108-1117
- **NAICS:** 541191
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $244K
- **Initial approval:** $244K
- **Forgiven:** $245K (101%)
- **Forgiveness date:** 10/26/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $244K
- **Jobs reported:** 12
## Lender
- **Originating:** Schaumburg Bank & Trust Company, National Association
- **Servicing:** Schaumburg Bank & Trust Company, National Association (IL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*