# PPP loan: WILLOWS ACADEMY
> **$476K** approved 04/03/2020 · Paid in Full · Loan `4344187004`
## Borrower
- **Name:** WILLOWS ACADEMY
- **Address:** 1015 Rose Avenue, DES PLAINES, IL, 60016-3345
- **NAICS:** 611110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $476K
- **Initial approval:** $480K
- **Forgiven:** $479K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $432K
- **Mortgage interest:** $27K
- **Utilities:** $17K
- **Jobs reported:** 44
## Lender
- **Originating:** Time Bank
- **Servicing:** Time Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*