# PPP loan: 1052 PARTNERS, INC.
> **$619K** approved 04/30/2020 · Paid in Full · Loan `6247017301`
## Borrower
- **Name:** 1052 PARTNERS, INC.
- **Address:** 8770 W BRYN MAWR AVE, CHICAGO, IL, 60631-3780
- **NAICS:** 561320
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $619K
- **Initial approval:** $619K
- **Forgiven:** $624K (101%)
- **Forgiveness date:** 03/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $495K
- **Rent:** $62K
- **Utilities:** $31K
- **Debt interest:** $31K
- **Jobs reported:** 41
## Lender
- **Originating:** Cornerstone National Bank & Trust Company
- **Servicing:** Cornerstone National Bank & Trust Company (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*