# PPP loan: SOVEREIGN BRANDS, L.L.C.
> **$1.28M** approved 04/05/2020 · Paid in Full · Loan `5384097000`
## Borrower
- **Name:** SOVEREIGN BRANDS, L.L.C.
- **Address:** 1300 Old Skokie Road, HIGHLAND PARK, IL, 60035
- **NAICS:** 424820
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.28M
- **Initial approval:** $1.28M
- **Forgiven:** $1.29M (101%)
- **Forgiveness date:** 06/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $960K
- **Mortgage interest:** $160K
- **Utilities:** $160K
- **Jobs reported:** 63
## 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*