# PPP loan: STONEGATE MANAGEMENT INC
> **$397K** approved 04/15/2020 · Paid in Full · Loan `1716757203`
## Borrower
- **Name:** STONEGATE MANAGEMENT INC
- **Address:** 7612 S. Woodward Ave, WOODRIDGE, IL, 60517
- **NAICS:** 531311
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $397K
- **Initial approval:** $397K
- **Forgiven:** $400K (101%)
- **Forgiveness date:** 02/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $298K
- **Rent:** $60K
- **Utilities:** $40K
- **Jobs reported:** 64
## Lender
- **Originating:** Wintrust Bank, National Association
- **Servicing:** Wintrust Bank, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*