# PPP loan: FAZAL DEVELOPMENT NETWORK INC.
> **$526K** approved 01/17/2021 · Paid in Full · Loan `1553478301`
## Borrower
- **Name:** FAZAL DEVELOPMENT NETWORK INC.
- **Address:** 120 S State St Lowr Level, Chicago, IL, 60603-5503
- **NAICS:** 722513
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $526K
- **Initial approval:** $526K
- **Forgiven:** $529K (101%)
- **Forgiveness date:** 08/11/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $526K
- **Utilities:** $1
- **Jobs reported:** 90
## Lender
- **Originating:** Town Center Bank
- **Servicing:** Town Center Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*