61 MADISON INC. (IL) - 2020 PPP Loan Borrower Profile (# 1631208504)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 61 MADISON 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

1631208504

SBA Office Code

0507

Processing Method

PPS

Curent Loan Amount

$929,190

Date Loan was Approved

Feb 19, 2021

Amount Forgiven

$935,978.25

Date Loan was Forgiven

Nov 15, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Payroll Proced

929,190

Lender

St. Charles Bank & Trust Company, National Association

Business Detail

Business Type

Corporation

NAICS

722511

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.