# PPP loan: W2 LOGISTIC INC
> **$375K** approved 04/15/2020 · Exemption 4 · Loan `1975657202`
## Borrower
- **Name:** W2 LOGISTIC INC
- **Address:** 1100 N ELLIS ST, BENSENVILLE, IL, 60106
- **NAICS:** 484121
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $375K
- **Initial approval:** $375K
- **Forgiven:** $157K (42%)
- **Forgiveness date:** 05/18/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $375K
- **Jobs reported:** 13
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*