# PPP loan: ELEVATOR INDUSTRIES OF ILLINOIS
> **$428K** approved 05/22/2020 · Paid in Full · Loan `2054077804`
## Borrower
- **Name:** ELEVATOR INDUSTRIES OF ILLINOIS
- **Address:** 3260 W GRAND AVE, CHICAGO, IL, 60651-4164
- **NAICS:** 811310
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $428K
- **Initial approval:** $428K
- **Forgiven:** $433K (101%)
- **Forgiveness date:** 08/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $350K
- **Rent:** $46K
- **Utilities:** $33K
- **Jobs reported:** 25
## 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*