# PPP loan: MOTIVATION EXCELLENCE, INC
> **$524K** approved 04/28/2020 · Paid in Full · Loan `6524007210`
## Borrower
- **Name:** MOTIVATION EXCELLENCE, INC
- **Address:** 1834 Walden Office Square, Suite 400, SCHAUMBURG, IL, 60173-4259
- **NAICS:** 541614
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $524K
- **Initial approval:** $524K
- **Forgiven:** $528K (101%)
- **Forgiveness date:** 02/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $419K
- **Rent:** $52K
- **Utilities:** $26K
- **Debt interest:** $26K
- **Jobs reported:** 27
## 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*