Arc 5233 Limited

$688,800 PPP Loan in Morton Grove, Illinois

Loan Details

Loan Number
5717157004
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$688,800
Current Approval
$688,800
Forgiveness Amount
$695,458
Forgiveness Date
Mar 31, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Arc 5233 Limited
Address
6448 Eldorado Drive
ZIP Code
60053-1406
Business Type
Subchapter S Corporation
Industry (NAICS)
Accommodation and Food Services (722513)
Franchise
Mcdonalds
Business Age
Existing or more than 2 years old
Jobs Reported
140
Estimated Revenue
$24.9M
Rural/Urban
Urban
Congressional District
IL-09

Loan Use Breakdown

Payroll
$516,600
Rent
$172,200

Lender Information

Servicing Lender
Lake Forest Bank & Trust Company, National Association
Originating Lender
Lake Forest Bank & Trust Company, National Association

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