510 W42 HOTEL OPERATING LLC (IL) - 2020 PPP Loan Borrower Profile (# 4785888701)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 510 W42 HOTEL OPERATING 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

4785888701

SBA Office Code

0507

Processing Method

PPS

Curent Loan Amount

$1,641,531.5

Date Loan was Approved

Apr 1, 2021

Amount Forgiven

$804,379.89

Date Loan was Forgiven

Sep 15, 2022

Loan Status

Charged Off

Loan Term

25 Months

Utilities Proced

Payroll Proced

1,641,525.5

Lender

The Northern Trust Company

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

721110

Borrower Location

Hickory Hills, IL

Project Location

Hickory Hills, IL

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

117

Business Age Description

Existing or more than 2 years old

Data Source: SBA.