# PPP loan: SOVEREIGN TAP LLC
> **$393K** approved 04/15/2020 · Paid in Full · Loan `1544827203`
## Borrower
- **Name:** SOVEREIGN TAP LLC
- **Address:** 24216 W Lockport Street, PLAINFIELD, IL, 60544
- **NAICS:** 722511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Unanswered
## Loan
- **Approval amount:** $393K
- **Initial approval:** $393K
- **Forgiven:** $398K (101%)
- **Forgiveness date:** 07/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $295K
- **Rent:** $98K
- **Jobs reported:** 64
## Lender
- **Originating:** Busey Bank
- **Servicing:** Busey Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*