# PPP loan: PARACHUTE RESTAURANT, LLC
> **$160K** approved 04/07/2020 · Paid in Full · Loan `7472337010`
## Borrower
- **Name:** PARACHUTE RESTAURANT, LLC
- **Address:** 3500 N Elston Ave, CHICAGO, IL, 60618-5618
- **NAICS:** 722511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $160K
- **Initial approval:** $160K
- **Forgiven:** $120K (75%)
- **Forgiveness date:** 08/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $120K
- **Rent:** $20K
- **Utilities:** $20K
- **Jobs reported:** 31
## Lender
- **Originating:** Wintrust Bank, National Association
- **Servicing:** Wintrust Bank, National Association (IL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*