555 WEST LAKE I INC (IL) - 2020 PPP Loan Borrower Profile (# 1490107704)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 555 WEST LAKE I 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

1490107704

SBA Office Code

0507

Processing Method

PPP

Curent Loan Amount

$38,040

Date Loan was Approved

May 1, 2020

Amount Forgiven

$38,464.57

Date Loan was Forgiven

Jun 16, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

2,000

Payroll Proced

30,040

Rent Proceed

6,000

Lender

JPMorgan Chase Bank, National Association

Business Detail

Business Type

Corporation

NAICS

Borrower Location

NORTHFIELD, IL

Project Location

NORTHFIELD, IL

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.