# PPP loan: MVP ECONOMIC DEVELOPMENT CORPORATION
> **$197K** approved 04/05/2020 · Paid in Full · Loan `5406537003`
## Borrower
- **Name:** MVP ECONOMIC DEVELOPMENT CORPORATION
- **Address:** 101 CENTER ST, GRAYSLAKE, IL, 60030-1532
- **NAICS:** 722410
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $197K
- **Initial approval:** $197K
- **Forgiven:** $198K (101%)
- **Forgiveness date:** 12/10/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $148K
- **Rent:** $25K
- **Utilities:** $25K
- **Jobs reported:** 41
## Lender
- **Originating:** State Bank of the Lakes, National Association
- **Servicing:** State Bank of the Lakes, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*