# PPP loan: COMMUNITY DEVELOPMENT INSTITUTE
> **$225K** approved 04/14/2020 · Paid in Full · Loan `6318457106`
## Borrower
- **Name:** COMMUNITY DEVELOPMENT INSTITUTE
- **Address:** 7836 South Union, CHICAGO, IL, 60620-2409
- **NAICS:** 611110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $225K
- **Initial approval:** $225K
- **Forgiven:** $228K (101%)
- **Forgiveness date:** 08/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $169K
- **Mortgage interest:** $28K
- **Utilities:** $28K
- **Jobs reported:** 20
## Lender
- **Originating:** Beverly Bank & Trust Company, National Association
- **Servicing:** Beverly 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*