# PPP loan: 61 MADISON, INC.
> **$664K** approved 04/09/2020 · Paid in Full · Loan `8976437003`
## Borrower
- **Name:** 61 MADISON, INC.
- **Address:** 61 E Madison St, CHICAGO, IL, 60603-3001
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $664K
- **Initial approval:** $664K
- **Forgiven:** $643K (97%)
- **Forgiveness date:** 09/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $498K
- **Rent:** $100K
- **Utilities:** $66K
- **Jobs reported:** 80
## Lender
- **Originating:** St. Charles Bank & Trust Company, National Association
- **Servicing:** St. Charles 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*