# PPP loan: LIPMAN HEARNE, INC
> **$713K** approved 04/05/2020 · Paid in Full · Loan `5404337009`
## Borrower
- **Name:** LIPMAN HEARNE, INC
- **Address:** MICHIGAN AVE, CHICAGO, IL, 60604-2423
- **NAICS:** 541810
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $713K
- **Initial approval:** $713K
- **Forgiven:** $717K (100%)
- **Forgiveness date:** 02/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $535K
- **Rent:** $45K
- **Utilities:** $45K
- **Health care:** $45K
- **Debt interest:** $45K
- **Jobs reported:** 43
## Lender
- **Originating:** Village Bank and Trust, National Association
- **Servicing:** Village Bank and Trust, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*