# PPP loan: MERCHANTS' CREDIT GUIDE CO.
> **$504K** approved 04/08/2020 · Paid in Full · Loan `7856987005`
## Borrower
- **Name:** MERCHANTS' CREDIT GUIDE CO.
- **Address:** 223 W Jackson Blvd, CHICAGO, IL, 60606-5912
- **NAICS:** 561440
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $504K
- **Initial approval:** $504K
- **Forgiven:** $508K (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $378K
- **Mortgage interest:** $76K
- **Utilities:** $50K
- **Jobs reported:** 38
## Lender
- **Originating:** Hinsdale Bank & Trust Company, National Association
- **Servicing:** Hinsdale 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*