# PPP loan: PACO COMMUNICATIONS, INC.
> **$679K** approved 04/08/2020 · Paid in Full · Loan `8828407003`
## Borrower
- **Name:** PACO COMMUNICATIONS, INC.
- **Address:** 2675 W. Grand Ave, CHICAGO, IL, 60612-1104
- **NAICS:** 541810
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $679K
- **Initial approval:** $679K
- **Forgiven:** $687K (101%)
- **Forgiveness date:** 05/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $509K
- **Mortgage interest:** $85K
- **Utilities:** $85K
- **Jobs reported:** 28
## 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*