# PPP loan: PROSPECT RESTAURANT AND BAR, INC.
> **$352K** approved 01/16/2021 · Paid in Full · Loan `1086468309`
## Borrower
- **Name:** PROSPECT RESTAURANT AND BAR, INC.
- **Address:** 1702 W Algonquin Rd, Mount Prospect, IL, 60056-5402
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $352K
- **Initial approval:** $352K
- **Forgiven:** $356K (101%)
- **Forgiveness date:** 01/18/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $352K
- **Utilities:** $1
- **Jobs reported:** 35
## Lender
- **Originating:** Belmont Bank & Trust Company
- **Servicing:** Belmont Bank & Trust Company (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*