# PPP loan: OAK CREST RESIDENCE ASSOCIATION
> **$158K** approved 04/08/2020 · Paid in Full · Loan `8699697001`
## Borrower
- **Name:** OAK CREST RESIDENCE ASSOCIATION
- **Address:** 204 S STATE ST, ELGIN, IL, 60123-6431
- **NAICS:** 623312
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $158K
- **Initial approval:** $158K
- **Forgiven:** $159K (101%)
- **Forgiveness date:** 06/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $118K
- **Rent:** $24K
- **Utilities:** $16K
- **Jobs reported:** 30
## Lender
- **Originating:** St. Charles Bank & Trust Company, National Association
- **Servicing:** St. Charles Bank & Trust Company, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*