# PPP loan: ADA FOUNDATION
> **$550K** approved 05/07/2020 · Paid in Full · Loan `3452177407`
## Borrower
- **Name:** ADA FOUNDATION
- **Address:** 211 East Chicago Ave, CHICAGO, IL, 60611
- **NAICS:** 813211
- **Business type:** Non-Profit Organization
- **Business age:** Unanswered
## Loan
- **Approval amount:** $550K
- **Initial approval:** $550K
- **Forgiven:** $555K (101%)
- **Forgiveness date:** 04/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $495K
- **Rent:** $55K
- **Jobs reported:** 29
## 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*