# PPP loan: THE FRANCES XAVIER WARDE SCHOLL
> **$2.53M** approved 04/08/2020 · Paid in Full · Loan `8826587007`
## Borrower
- **Name:** THE FRANCES XAVIER WARDE SCHOLL
- **Address:** 751 North State, CHICAGO, IL, 60654
- **NAICS:** 611110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.53M
- **Initial approval:** $2.53M
- **Forgiven:** $2.57M (101%)
- **Forgiveness date:** 08/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.90M
- **Rent:** $380K
- **Utilities:** $253K
- **Jobs reported:** 259
## Lender
- **Originating:** Wintrust Bank, National Association
- **Servicing:** Wintrust Bank, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*