# PPP loan: NEW HOME CONNECT CORP
> **$1.26M** approved 04/27/2020 · Paid in Full · Loan `3528367206`
## Borrower
- **Name:** NEW HOME CONNECT CORP
- **Address:** 145 W 2ND ST, ELMHURST, IL, 60126-2808
- **NAICS:** 541613
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.26M
- **Initial approval:** $1.26M
- **Forgiven:** $1.28M (101%)
- **Forgiveness date:** 06/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.14M
- **Rent:** $63K
- **Utilities:** $63K
- **Jobs reported:** 71
## Lender
- **Originating:** Community Bank of Elmhurst
- **Servicing:** Community Bank of Elmhurst (IL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*