# PPP loan: IVERCREST INC
> **$588K** approved 04/28/2020 · Paid in Full · Loan `7187417207`
## Borrower
- **Name:** IVERCREST INC
- **Address:** 2211 W DIVERSEY AVE, CHICAGO, IL, 60647
- **NAICS:** 713950
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $588K
- **Initial approval:** $588K
- **Forgiven:** $523K (89%)
- **Forgiveness date:** 03/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $288K
- **Jobs reported:** 40
## Lender
- **Originating:** Byline Bank
- **Servicing:** Byline Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*