# PPP loan: SARNOFF & BACCASH, LTD.
> **$425K** approved 04/15/2020 · Paid in Full · Loan `1777467203`
## Borrower
- **Name:** SARNOFF & BACCASH, LTD.
- **Address:** 2 N LaSalle St STE 1000, CHICAGO, IL, 60602
- **NAICS:** 541110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $425K
- **Initial approval:** $425K
- **Forgiven:** $430K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $319K
- **Rent:** $64K
- **Utilities:** $43K
- **Jobs reported:** 16
## 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*