# PPP loan: THE SALEM BAPTIST CHURCH OF CHICAGO
> **$452K** approved 04/28/2020 · Paid in Full · Loan `6699397202`
## Borrower
- **Name:** THE SALEM BAPTIST CHURCH OF CHICAGO
- **Address:** 10909 S COTTAGE GROVE AVE, CHICAGO, IL, 60628-3812
- **NAICS:** 813110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $452K
- **Initial approval:** $452K
- **Forgiven:** $455K (101%)
- **Forgiveness date:** 12/18/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $361K
- **Rent:** $45K
- **Utilities:** $23K
- **Debt interest:** $23K
- **Jobs reported:** 51
## 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*