ACADEMY HOUSE CHILD DEVELOPMENT CENTER, LLC (NJ) - 2020 PPP Loan Borrower Profile (# 1023207700)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ACADEMY HOUSE CHILD DEVELOPMENT CENTER, 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 New Jersey.

Loan Detail

Loan Number

1023207700

SBA Office Code

0299

Processing Method

PPP

Curent Loan Amount

$234,299.35

Date Loan was Approved

May 1, 2020

Amount Forgiven

$237,144

Date Loan was Forgiven

Jul 22, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

10,000

Payroll Proced

162,782.96

Rent Proceed

39,958

Health Care Proceed

17,058.39

Debt Interest Proceed

4,500

Lender

JPMorgan Chase Bank, National Association

Business Detail

Business Type

Corporation

NAICS

624410

Borrower Location

Jersey City, NJ

Project Location

Jersey City, NJ

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.