# PPP loan: ASSOCIATED LABOR CORPORATION OF AMERICA
> **$1.43M** approved 04/10/2020 · Paid in Full · Loan `2136177106`
## Borrower
- **Name:** ASSOCIATED LABOR CORPORATION OF AMERICA
- **Address:** 311 N WALNUT AVE, SUITE 200, WOOD DALE, IL, 60191-1529
- **NAICS:** 561320
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.43M
- **Initial approval:** $1.54M
- **Forgiven:** $1.44M (101%)
- **Forgiveness date:** 02/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.42M
- **Rent:** $10K
- **Utilities:** $2K
- **Jobs reported:** 250
## Lender
- **Originating:** Itasca Bank & Trust Co.
- **Servicing:** Itasca Bank & Trust Co. (IL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*