# PPP loan: SPECTREM GROUP ACQUISITION
> **$164K** approved 04/10/2020 · Paid in Full · Loan `2082587104`
## Borrower
- **Name:** SPECTREM GROUP ACQUISITION
- **Address:** 840 S Waukegan Ave, LAKE FOREST, IL, 60045
- **NAICS:** 541910
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $164K
- **Initial approval:** $164K
- **Forgiven:** $165K (101%)
- **Forgiveness date:** 02/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $123K
- **Rent:** $20K
- **Utilities:** $20K
- **Jobs reported:** 8
## Lender
- **Originating:** Wintrust Bank, National Association
- **Servicing:** Wintrust Bank, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*