# PPP loan: FAIRBANKS LLC
> **$493K** approved 05/01/2020 · Paid in Full · Loan `1482017701`
## Borrower
- **Name:** FAIRBANKS LLC
- **Address:** 3880 SALEM LAKE DR STE A, LONG GROVE, IL, 60047
- **NAICS:** 541618
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $493K
- **Initial approval:** $493K
- **Forgiven:** $499K (101%)
- **Forgiveness date:** 07/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $423K
- **Rent:** $22K
- **Utilities:** $6K
- **Health care:** $42K
- **Jobs reported:** 230
## 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*