# PPP loan: IAC OPERATING LLC
> **$317K** approved 04/05/2020 · Paid in Full · Loan `5445227007`
## Borrower
- **Name:** IAC OPERATING LLC
- **Address:** 211 N Stetson, CHICAGO, IL, 60601
- **NAICS:** 999990
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $317K
- **Initial approval:** $317K
- **Forgiven:** $320K (101%)
- **Forgiveness date:** 02/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $238K
- **Rent:** $40K
- **Utilities:** $40K
- **Jobs reported:** 27
## 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*