42/40 ARCHITECTURE INC (IL) - 2020 PPP Loan Borrower Profile (# 2885928502)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 42/40 ARCHITECTURE 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

2885928502

SBA Office Code

0507

Processing Method

PPS

Curent Loan Amount

$261,075

Date Loan was Approved

Feb 22, 2021

Amount Forgiven

$262,484.09

Date Loan was Forgiven

Sep 9, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

261,071

Lender

Bank of America, National Association

Business Detail

Business Type

Corporation

NAICS

541310

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.