# PPP loan: INDIAN LAKES HOTEL
> **$520K** approved 01/22/2021 · Paid in Full · Loan `3960208308`
## Borrower
- **Name:** INDIAN LAKES HOTEL
- **Address:** 250 W Schick Rd, Bloomingdale, IL, 60108-1228
- **NAICS:** 721110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $520K
- **Initial approval:** $520K
- **Forgiven:** $320K (62%)
- **Forgiveness date:** 06/02/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $520K
- **Utilities:** $1
- **Jobs reported:** 45
## 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*