# PPP loan: MAI CHI CORPORATION DBA MOTT STREET
> **$250K** approved 04/09/2020 · Paid in Full · Loan `1140087101`
## Borrower
- **Name:** MAI CHI CORPORATION DBA MOTT STREET
- **Address:** 1401 N ASHLAND AVE, CHICAGO, IL, 60622
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $250K
- **Initial approval:** $250K
- **Forgiven:** $252K (101%)
- **Forgiveness date:** 12/04/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $221K
- **Rent:** $15K
- **Utilities:** $8K
- **Health care:** $6K
- **Jobs reported:** 25
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*