# PPP loan: MONTGOMERY PLACE
> **$1.15M** approved 04/08/2020 · Paid in Full · Loan `8827337004`
## Borrower
- **Name:** MONTGOMERY PLACE
- **Address:** 5550 S Shore Dr, CHICAGO, IL, 60637-1904
- **NAICS:** 623110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.15M
- **Initial approval:** $1.15M
- **Forgiven:** $1.16M (101%)
- **Forgiveness date:** 12/15/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $866K
- **Mortgage interest:** $144K
- **Utilities:** $144K
- **Jobs reported:** 156
## Lender
- **Originating:** Beverly Bank & Trust Company, National Association
- **Servicing:** Beverly 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*