# PPP loan: WMC, INC
> **$694K** approved 04/05/2020 · Paid in Full · Loan `5580117001`
## Borrower
- **Name:** WMC, INC
- **Address:** 11721 S Austin Avenue, ALSIP, IL, 60803-6002
- **NAICS:** 238290
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $694K
- **Initial approval:** $694K
- **Forgiven:** $702K (101%)
- **Forgiveness date:** 06/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $521K
- **Rent:** $174K
- **Jobs reported:** 56
## Lender
- **Originating:** Busey Bank
- **Servicing:** Busey Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*