ACADEMY OF DANCE ARTS, INC. (IL) - 2020 PPP Loan Borrower Profile (# 2227557707)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ACADEMY OF DANCE ARTS, 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

2227557707

SBA Office Code

0507

Processing Method

PPP

Curent Loan Amount

$34,382

Date Loan was Approved

May 1, 2020

Amount Forgiven

$34,700.22

Date Loan was Forgiven

Apr 8, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

18,173

Rent Proceed

9,745

Health Care Proceed

6,464

Lender

JPMorgan Chase Bank, National Association

Business Detail

Business Type

Corporation

NAICS

611610

Borrower Location

DOWNERS GROVE, IL

Project Location

DOWNERS GROVE, IL

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.