20SPOKES INC. (IL) - 2020 PPP Loan Borrower Profile (# 8760477005)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 20SPOKES INC.. 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

8760477005

SBA Office Code

0507

Processing Method

PPP

Curent Loan Amount

$175,385

Date Loan was Approved

Apr 8, 2020

Amount Forgiven

$177,208.81

Date Loan was Forgiven

Apr 28, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

1,200

Payroll Proced

145,000

Mortgage Interest Proceed

Rent Proceed

4,300

Refinance EIDL Proceed

Health Care Proceed

23,885

Debt Interest Proceed

1,000

Lender

JPMorgan Chase Bank, National Association

Business Detail

Business Type

Subchapter S Corporation

NAICS

541690

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.