# PPP loan: WATERFRONT TERRACE INC.
> **$825K** approved 05/04/2020 · Paid in Full · Loan `1237357400`
## Borrower
- **Name:** WATERFRONT TERRACE INC.
- **Address:** 7750 S. Shore Drive, CHICAGO, IL, 60649
- **NAICS:** 623110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $825K
- **Initial approval:** $825K
- **Forgiven:** $834K (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $825K
- **Jobs reported:** 116
## Lender
- **Originating:** CIBC Bank USA
- **Servicing:** CIBC Bank USA (IL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*