# PPP loan: DESIGN PHASE, INC.
> **$530K** approved 04/14/2020 · Paid in Full · Loan `6290237107`
## Borrower
- **Name:** DESIGN PHASE, INC.
- **Address:** 1771 S. lakeside Drive, WAUKEGAN, IL, 60085
- **NAICS:** 561499
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $530K
- **Initial approval:** $530K
- **Forgiven:** $533K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $397K
- **Rent:** $66K
- **Utilities:** $66K
- **Jobs reported:** 30
## Lender
- **Originating:** Lake Forest Bank & Trust Company, National Association
- **Servicing:** Lake Forest 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*