# PPP loan: NEXTPOINT, INC.
> **$482K** approved 04/10/2020 · Paid in Full · Loan `1796017105`
## Borrower
- **Name:** NEXTPOINT, INC.
- **Address:** 4043 N Ravenswood Ave Suite 317, CHICAGO, IL, 60613-1155
- **NAICS:** 511210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $482K
- **Initial approval:** $482K
- **Forgiven:** $487K (101%)
- **Forgiveness date:** 06/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $361K
- **Rent:** $60K
- **Utilities:** $60K
- **Jobs reported:** 32
## 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*