1500 N WELLS OPCO, LLC (IL) - 2020 PPP Loan Borrower Profile (# 9048047104)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 1500 N WELLS OPCO, LLC. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Illinois.

Loan Detail

Loan Number

9048047104

SBA Office Code

0507

Processing Method

PPP

Curent Loan Amount

$307,749

Date Loan was Approved

Apr 15, 2020

Amount Forgiven

$311,326.24

Date Loan was Forgiven

Jun 17, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

7,659.76

Payroll Proced

233,889.24

Mortgage Interest Proceed

Rent Proceed

61,200

Refinance EIDL Proceed

Health Care Proceed

5,000

Debt Interest Proceed

Lender

JPMorgan Chase Bank, National Association

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

722410

Borrower Location

Chicago, IL

Project Location

Chicago, IL

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.