PPP Loan information for Music institute of chicago

$850,400

Music institute of chicago was initially approved for PPP Loan of amount $850,400, the current approved amount is $850,400. The loan was approved on 01/23/2021 by The Byline Bank reported 200 jobs and $850,400 was used to fund payroll.

Music institute of chicago is Existing or more than 2 years old

PPP Loan Search / IL / Evanston / Music institute of chicago

MUSIC INSTITUTE OF CHICAGO

Date Approved

01/23/2021

SBA Office Code

0507

Processing Method

PPS

Borrower Name

MUSIC INSTITUTE OF CHICAGO

Borrower Address

1702 Sherman Ave

Borrower City

Evanston

Borrower State

IL

Borrower Zip

60201-3713

Loan Status Date

05/18/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

850400.00

Current Approval Amount

850400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

21023

Servicing Lender Name

Byline Bank

Servicing Lender Address

180 N LaSalle St, Ste 300

Servicing Lender City

CHICAGO

Servicing Lender State

IL

Servicing Lender Zip

60601-3110

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Evanston

Project County Name

COOK

Project State

IL

Project Zip

60201-3713

CD

IL-09

Jobs Reported

200

NAICS Code

611610

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

850395.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Non-Profit Organization

Originating Lender Location Id

21023

Originating Lender

Byline Bank

Originating Lender City

CHICAGO

Originating Lender State

IL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

861006.38

Forgiveness Date

04/27/2022

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