# PPP loan: ELEVATE STUDIOS, INC.
> **$195K** approved 04/13/2020 · Exemption 4 · Loan `5011997105`
## Borrower
- **Name:** ELEVATE STUDIOS, INC.
- **Address:** 625 W ADAMS ST., STE 20-110 C/O WEWORK, CHICAGO, IL, 60661
- **NAICS:** 561499
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $195K
- **Initial approval:** $195K
- **Forgiven:** $182K (93%)
- **Forgiveness date:** 06/06/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $195K
- **Jobs reported:** 6
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*