# PPP loan: SUBWAY I&I DEVELOPMENTS, INC.
> **$227K** approved 04/07/2020 · Exemption 4 · Loan `7539727004`
## Borrower
- **Name:** SUBWAY I&I DEVELOPMENTS, INC.
- **Address:** 16800 Chicago Ave, Ste A, LANSING, IL, 60438-1121
- **NAICS:** 722513
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $227K
- **Initial approval:** $227K
- **Forgiven:** $102K (45%)
- **Forgiveness date:** 05/21/2021
- **Status:** Exemption 4
- **Term:** 24 months
## Use of funds
- **Payroll:** $171K
- **Rent:** $57K
- **Jobs reported:** 9
## Lender
- **Originating:** Town Center Bank
- **Servicing:** Town Center Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*