16 ON CENTER LLC (IL) - 2020 PPP Loan Borrower Profile (# 5565037003)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 16 ON CENTER 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

5565037003

SBA Office Code

0507

Processing Method

PPP

Curent Loan Amount

$421,000

Date Loan was Approved

Apr 5, 2020

Amount Forgiven

$427,642.44

Date Loan was Forgiven

Nov 8, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

5,262.5

Payroll Proced

315,750

Rent Proceed

99,987.5

Lender

Lake Forest Bank & Trust Company, National Association

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

541611

Borrower Location

CHICAGO, IL

Project Location

CHICAGO, IL

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.