# PPP loan: THORNEL ASSOCIATES
> **$227K** approved 04/09/2020 · Paid in Full · Loan `9323537006`
## Borrower
- **Name:** THORNEL ASSOCIATES
- **Address:** 1961 University Lane, LISLE, IL, 60532-2151
- **NAICS:** 541410
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $227K
- **Initial approval:** $227K
- **Forgiven:** $230K (101%)
- **Forgiveness date:** 07/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $227K
- **Jobs reported:** 10
## Lender
- **Originating:** BMO Bank National Association
- **Servicing:** BMO Bank National Association (IL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*