# PPP loan: RAINBOW CLEANING SPECIALIST INC.
> **$242K** approved 04/13/2020 · Exemption 4 · Loan `4697717101`
## Borrower
- **Name:** RAINBOW CLEANING SPECIALIST INC.
- **Address:** 106 Stephen St., Ste 103, LEMONT, IL, 60439-3503
- **NAICS:** 561720
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $242K
- **Initial approval:** $242K
- **Forgiven:** $203K (84%)
- **Forgiveness date:** 10/26/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $242K
- **Jobs reported:** 44
## Lender
- **Originating:** The Huntington National Bank
- **Servicing:** The Huntington National Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*