# PPP loan: CREATIVE CHILDREN'S ACADEMY
> **$551K** approved 04/08/2020 · Paid in Full · Loan `7801987008`
## Borrower
- **Name:** CREATIVE CHILDREN'S ACADEMY
- **Address:** 500 N. Benton, PALATINE, IL, 60067
- **NAICS:** 611110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $551K
- **Initial approval:** $551K
- **Forgiven:** $555K (101%)
- **Forgiveness date:** 01/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $551K
- **Jobs reported:** 71
## Lender
- **Originating:** First American Bank
- **Servicing:** First American Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*