# PPP loan: AMERICAN DIGITAL CORPORATION
> **$518K** approved 04/06/2020 · Paid in Full · Loan `6254147009`
## Borrower
- **Name:** AMERICAN DIGITAL CORPORATION
- **Address:** 25 NW Point Blvd Suite 200, ELK GROVE VILLAGE, IL, 60007-1003
- **NAICS:** 541511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $518K
- **Initial approval:** $518K
- **Forgiven:** $521K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $389K
- **Rent:** $65K
- **Utilities:** $65K
- **Jobs reported:** 26
## Lender
- **Originating:** Northbrook Bank & Trust Company, National Association
- **Servicing:** Northbrook Bank & Trust Company, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*