# PPP loan: SHAPACK DEVELOPMENT CO.
> **$228K** approved 04/07/2020 · Paid in Full · Loan `7507357006`
## Borrower
- **Name:** SHAPACK DEVELOPMENT CO.
- **Address:** 917 W. Washington Blvd. Suite 308, CHICAGO, IL, 60607-2203
- **NAICS:** 531390
- **Business type:** Corporation
- **Business age:** Change of Ownership
## Loan
- **Approval amount:** $228K
- **Initial approval:** $228K
- **Forgiven:** $232K (101%)
- **Forgiveness date:** 09/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $171K
- **Mortgage interest:** $29K
- **Utilities:** $29K
- **Jobs reported:** 15
## Lender
- **Originating:** Northbrook Bank & Trust Company, National Association
- **Servicing:** Northbrook Bank & Trust Company, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*