# PPP loan: SOMES-NICK & CO
> **$194K** approved 06/23/2020 · Paid in Full · Loan `1961898003`
## Borrower
- **Name:** SOMES-NICK & CO
- **Address:** 120 W MADISON ST STE 1106, CHICAGO, IL, 60602
- **NAICS:** 423830
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $194K
- **Initial approval:** $194K
- **Forgiven:** $196K (101%)
- **Forgiveness date:** 07/02/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $155K
- **Rent:** $24K
- **Utilities:** $6K
- **Health care:** $9K
- **Jobs reported:** 10
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*