311 N. MORGAN, LLC (IL) - 2020 PPP Loan Borrower Profile (# 5148747003)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 311 N. MORGAN, 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

5148747003

SBA Office Code

0507

Processing Method

PPP

Curent Loan Amount

$1,923,200

Date Loan was Approved

Apr 5, 2020

Amount Forgiven

$1,948,628.98

Date Loan was Forgiven

Aug 5, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

240,400

Payroll Proced

1,442,400

Mortgage Interest Proceed

240,400

Lender

Wintrust Bank, National Association

Business Detail

Business Type

Partnership

NAICS

721110

Borrower Location

CHICAGO, IL

Project Location

CHICAGO, IL

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

158

Business Age Description

Existing or more than 2 years old

Data Source: SBA.