# PPP loan: WELLS 1525 LLC
> **$229K** approved 04/09/2020 · Paid in Full · Loan `9231407005`
## Borrower
- **Name:** WELLS 1525 LLC
- **Address:** 1525 N WELLS ST, CHICAGO, IL, 60610-1307
- **NAICS:** 722515
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $229K
- **Initial approval:** $229K
- **Forgiven:** $208K (91%)
- **Forgiveness date:** 07/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $172K
- **Mortgage interest:** $34K
- **Utilities:** $23K
- **Jobs reported:** 26
## Lender
- **Originating:** Hinsdale Bank & Trust Company, National Association
- **Servicing:** Hinsdale 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*