# PPP loan: ALPHABET LEARNING CENTER INC.
> **$245K** approved 06/01/2020 · Paid in Full · Loan `6455927809`
## Borrower
- **Name:** ALPHABET LEARNING CENTER INC.
- **Address:** 9220 Broadway Avenue, BROOKFIELD, IL, 60513-1252
- **NAICS:** 624410
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $245K
- **Initial approval:** $248K
- **Forgiven:** $247K (101%)
- **Forgiveness date:** 05/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $222K
- **Rent:** $23K
- **Jobs reported:** 35
## Lender
- **Originating:** Time Bank
- **Servicing:** Time Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*