PPP Loan information for Institute of food technologists inc

$1,492,890

Institute of food technologists inc was initially approved for PPP Loan of amount $1,492,890, the current approved amount is $1,492,890. The loan was approved on 04/10/2020 by The JPMorgan Chase Bank, National Association reported 80 jobs and $1,492,890 was used to fund payroll.

Institute of food technologists inc is Existing or more than 2 years old

PPP Loan Search / IL / Chicago / Institute of food technologists inc

INSTITUTE OF FOOD TECHNOLOGISTS INC

Date Approved

04/10/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

INSTITUTE OF FOOD TECHNOLOGISTS INC

Borrower Address

525 W Van Buren Suite 1000

Borrower City

Chicago

Borrower State

IL

Borrower Zip

60607-3830

Loan Status Date

03/18/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1492890.00

Current Approval Amount

1492890.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

48270

Servicing Lender Name

JPMorgan Chase Bank, National Association

Servicing Lender Address

1111 Polaris Pkwy

Servicing Lender City

COLUMBUS

Servicing Lender State

OH

Servicing Lender Zip

43240-2031

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Chicago

Project County Name

COOK

Project State

IL

Project Zip

60607-3830

CD

IL-07

Jobs Reported

80

NAICS Code

813920

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

4300.00

Payroll Proceed

1098590.00

Mortgage Interest Proceed

0.00

Rent Proceed

210000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

180000.00

Debt Interest Proceed

0

Business Type

Non-Profit Organization

Originating Lender Location Id

48270

Originating Lender

JPMorgan Chase Bank, National Association

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

1520037.38

Forgiveness Date

02/08/2022

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