# PPP loan: WENDY'S OF DOWNTOWN, INC.
> **$491K** approved 04/08/2020 · Paid in Full · Loan `8442317008`
## Borrower
- **Name:** WENDY'S OF DOWNTOWN, INC.
- **Address:** 2510 Canterbury Rd, WESTLAKE, OH, 44145-4658
- **NAICS:** 722513
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $491K
- **Initial approval:** $491K
- **Forgiven:** $494K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $368K
- **Rent:** $61K
- **Utilities:** $61K
- **Jobs reported:** 135
## Lender
- **Originating:** Lake Forest Bank & Trust Company, National Association
- **Servicing:** Lake Forest 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*