# PPP loan: MICHAEL WALTERS ADVERTISING INC.
> **$241K** approved 01/21/2021 · Paid in Full · Loan `2826358301`
## Borrower
- **Name:** MICHAEL WALTERS ADVERTISING INC.
- **Address:** 444 N Wabash Ave Ste 4W, Chicago, IL, 60611-3538
- **NAICS:** 541810
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $241K
- **Initial approval:** $241K
- **Forgiven:** $244K (101%)
- **Forgiveness date:** 12/09/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $241K
- **Utilities:** $1
- **Jobs reported:** 10
## Lender
- **Originating:** Cornerstone National Bank & Trust Company
- **Servicing:** Cornerstone National Bank & Trust Company (IL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*