PPP Loan information for Distinctive schools

$3,989,769

Distinctive schools was initially approved for PPP Loan of amount $3,989,769, the current approved amount is $3,989,769. The loan was approved on 04/09/2020 by The Lake Forest Bank & Trust Company, National Association reported 389 jobs and $3,989,769 was used to fund payroll.

Distinctive schools is Existing or more than 2 years old

PPP Loan Search / IL / CHICAGO / Distinctive schools

DISTINCTIVE SCHOOLS

Date Approved

04/09/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

DISTINCTIVE SCHOOLS

Borrower Address

910 W VAN BUREN ST #315

Borrower City

CHICAGO

Borrower State

IL

Borrower Zip

60607-3505

Loan Status Date

07/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

3989769.00

Current Approval Amount

3989769.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

117732

Servicing Lender Name

Lake Forest Bank & Trust Company, National Association

Servicing Lender Address

727 N Bank Ln

Servicing Lender City

LAKE FOREST

Servicing Lender State

IL

Servicing Lender Zip

60045-1887

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

60607-3505

CD

IL-07

Jobs Reported

389

NAICS Code

611110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

49872.11

Payroll Proceed

2992326.75

Mortgage Interest Proceed

0.00

Rent Proceed

947570.14

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Non-Profit Organization

Originating Lender Location Id

117732

Originating Lender

Lake Forest Bank & Trust Company, National Association

Originating Lender City

LAKE FOREST

Originating Lender State

IL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

4035540.52

Forgiveness Date

06/08/2021

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