New Horizon Center for Developmentally Disabled

$809,200 PPP Loan in Chicago, Illinois

Loan Details

Loan Number
5588447000
Date Approved
Apr 5, 2020
Loan Status
Paid in Full
Initial Approval
$809,200
Current Approval
$809,200
Forgiveness Amount
$186,891
Forgiveness Date
Jun 9, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
New Horizon Center for Developmentally Disabled
Address
6737 W. Forest Preserve Avenue
ZIP Code
60634-1470
Business Type
Non-Profit Organization
Industry (NAICS)
Educational Services (611110)
Business Age
Unanswered
Jobs Reported
91
Estimated Revenue
N/A (non-profit)
Non-Profit
Yes
Rural/Urban
Urban
Congressional District
IL-05

Loan Use Breakdown

Payroll
$647,360
Rent
$80,920
Utilities
$40,460
Mortgage Interest
$40,460

Lender Information

Servicing Lender
Cornerstone National Bank & Trust Company
Originating Lender
Cornerstone National Bank & Trust Company

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