# PPP loan: ELGIN CHARTER SCHOOL INITIATIVE
> **$355K** approved 04/28/2020 · Paid in Full · Loan `9000717203`
## Borrower
- **Name:** ELGIN CHARTER SCHOOL INITIATIVE
- **Address:** 1600 DUNDEE AVE, ELGIN, IL, 60120-1608
- **NAICS:** 611110
- **Business type:** Non-Profit Organization
- **Business age:** Unanswered
## Loan
- **Approval amount:** $355K
- **Initial approval:** $355K
- **Forgiven:** $359K (101%)
- **Forgiveness date:** 07/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $266K
- **Rent:** $35K
- **Health care:** $53K
- **Jobs reported:** 35
## 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*