# PPP loan: 706 S. FIFTH INC.
> **$162K** approved 02/19/2021 · Exemption 4 · Loan `1908608510`
## Borrower
- **Name:** 706 S. FIFTH INC.
- **Address:** 706 S 5th St, Champaign, IL, 61820-5604
- **NAICS:** 312120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $162K
- **Initial approval:** $116K
- **Forgiven:** $96K (59%)
- **Forgiveness date:** 07/28/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $162K
- **Utilities:** $1
- **Jobs reported:** 120
## 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*