# PPP loan: IDEA TECH SOLUTIONS INC
> **$540K** approved 05/13/2020 · Paid in Full · Loan `5778587400`
## Borrower
- **Name:** IDEA TECH SOLUTIONS INC
- **Address:** 850 E Higgins Rd, Ste 125j, SCHAUMBURG, IL, 60173-4788
- **NAICS:** 541512
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $540K
- **Initial approval:** $540K
- **Forgiven:** $544K (101%)
- **Forgiveness date:** 02/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $536K
- **Rent:** $500
- **Utilities:** $4K
- **Jobs reported:** 42
## Lender
- **Originating:** First United Bank and Trust Company
- **Servicing:** First United Bank and Trust Company (OK)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*