# PPP loan: NEW MOMS, INC.
> **$608K** approved 04/30/2020 · Paid in Full · Loan `4724227310`
## Borrower
- **Name:** NEW MOMS, INC.
- **Address:** 5317 W Chicago Ave, CHICAGO, IL, 60651
- **NAICS:** 624190
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $608K
- **Initial approval:** $608K
- **Forgiven:** $613K (101%)
- **Forgiveness date:** 02/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $456K
- **Rent:** $76K
- **Utilities:** $76K
- **Jobs reported:** 54
## 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*