# PPP loan: SOVEREIGN TAP LLC - SAF0216
> **$551K** approved 01/25/2021 · Paid in Full · Loan `5239178305`
## Borrower
- **Name:** SOVEREIGN TAP LLC - SAF0216
- **Address:** 24216 W Lockport St Ste B, Plainfield, IL, 60544-2960
- **NAICS:** 722511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $551K
- **Initial approval:** $551K
- **Forgiven:** $558K (101%)
- **Forgiveness date:** 05/16/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $551K
- **Utilities:** $1
- **Jobs reported:** 64
## Lender
- **Originating:** Busey Bank
- **Servicing:** Busey Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*