# PPP loan: CHICAGO MAGIC LOUNGE LLC
> **$196K** approved 05/01/2020 · Paid in Full · Loan `2270577708`
## Borrower
- **Name:** CHICAGO MAGIC LOUNGE LLC
- **Address:** 5050 N CLARK ST, CHICAGO, IL, 60640
- **NAICS:** 722410
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $196K
- **Initial approval:** $196K
- **Forgiven:** $197K (101%)
- **Forgiveness date:** 01/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $150K
- **Rent:** $27K
- **Utilities:** $10K
- **Health care:** $9K
- **Jobs reported:** 42
## 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*