# PPP loan: BRITE LOGISTICS INC.
> **$3.73M** approved 04/07/2020 · Exemption 4 · Loan `7417027008`
## Borrower
- **Name:** BRITE LOGISTICS INC.
- **Address:** 5000 HOMAN AVE, CHICAGO, IL, 60632-3059
- **NAICS:** 484121
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.73M
- **Initial approval:** $3.73M
- **Forgiven:** $607K (16%)
- **Forgiveness date:** 06/11/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $2.79M
- **Mortgage interest:** $466K
- **Utilities:** $466K
- **Jobs reported:** 191
## Lender
- **Originating:** Old Plank Trail Community Bank, National Association
- **Servicing:** Old Plank Trail Community Bank, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*