# PPP loan: GRACE ENTERPRISES, INC.
> **$300K** approved 04/30/2020 · Paid in Full · Loan `5487437303`
## Borrower
- **Name:** GRACE ENTERPRISES, INC.
- **Address:** 2050 W. DEVON AVE, CHICAGO, IL, 60659-2219
- **NAICS:** 323120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $300K
- **Initial approval:** $300K
- **Forgiven:** $302K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $251K
- **Rent:** $30K
- **Mortgage interest:** $10K
- **Utilities:** $9K
- **Jobs reported:** 39
## Lender
- **Originating:** Old Second National Bank
- **Servicing:** Old Second National Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*