# PPP loan: THE ARK
> **$727K** approved 04/07/2020 · Paid in Full · Loan `7626437009`
## Borrower
- **Name:** THE ARK
- **Address:** 6450 N California, CHICAGO, IL, 60645
- **NAICS:** 624190
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $727K
- **Initial approval:** $727K
- **Forgiven:** $731K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $716K
- **Rent:** $6K
- **Utilities:** $5K
- **Jobs reported:** 61
## Lender
- **Originating:** First Bank Chicago
- **Servicing:** First Bank Chicago (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*