# PPP loan: WELLS 1525 LLC
> **$321K** approved 02/09/2021 · Exemption 4 · Loan `5728498406`
## Borrower
- **Name:** WELLS 1525 LLC
- **Address:** 5260 N Clark St, Chicago, IL, 60640-2102
- **NAICS:** 722511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $321K
- **Initial approval:** $321K
- **Forgiven:** $191K (59%)
- **Forgiveness date:** 12/14/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $321K
- **Jobs reported:** 26
## Lender
- **Originating:** Hinsdale Bank & Trust Company, National Association
- **Servicing:** Hinsdale Bank & Trust Company, National Association (IL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*