# PPP loan: LENDING SOLUTIONS, INC.
> **$7.20M** approved 04/27/2020 · Paid in Full · Loan `4780247201`
## Borrower
- **Name:** LENDING SOLUTIONS, INC.
- **Address:** 2200 Point  Blvd, ELGIN, IL, 60123-7862
- **NAICS:** 522298
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $7.20M
- **Initial approval:** $7.20M
- **Forgiven:** $7.30M (101%)
- **Forgiveness date:** 09/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $7.20M
- **Jobs reported:** 480
## Lender
- **Originating:** First American Bank
- **Servicing:** First American Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*