# PPP loan: MADISON ROOM LLC
> **$248K** approved 05/01/2020 · Paid in Full · Loan `8061787310`
## Borrower
- **Name:** MADISON ROOM LLC
- **Address:** 39 North Aberdeen Street unit PHS, Chicago, IL, 60607
- **NAICS:** 722511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $248K
- **Initial approval:** $248K
- **Forgiven:** $250K (101%)
- **Forgiveness date:** 01/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $186K
- **Rent:** $37K
- **Utilities:** $25K
- **Jobs reported:** 27
## Lender
- **Originating:** American Express National Bank
- **Servicing:** American Express National Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*