# PPP loan: IGNITE NETWORK INC.
> **$375K** approved 05/01/2020 · Exemption 4 · Loan `2465427709`
## Borrower
- **Name:** IGNITE NETWORK INC.
- **Address:** 3341 N ELSTON AVE, CHICAGO, IL, 60618
- **NAICS:** 713990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $375K
- **Initial approval:** $375K
- **Forgiven:** $360K (96%)
- **Forgiveness date:** 07/19/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $300K
- **Rent:** $25K
- **Utilities:** $36K
- **Debt interest:** $14K
- **Jobs reported:** 70
## 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*