# PPP loan: SMITH & CULL, LTD.
> **$282K** approved 05/01/2020 · Paid in Full · Loan `2079677705`
## Borrower
- **Name:** SMITH & CULL, LTD.
- **Address:** 230 W MONROE ST STE 2540, CHICAGO, IL, 60606
- **NAICS:** 541211
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $282K
- **Initial approval:** $282K
- **Forgiven:** $286K (101%)
- **Forgiveness date:** 08/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $240K
- **Rent:** $29K
- **Utilities:** $514
- **Health care:** $12K
- **Jobs reported:** 15
## 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*