The Ivy Academy of Early Learning

$124,000 PPP Loan in Elgin, Illinois

Loan Details

Loan Number
7174027002
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$124,000
Current Approval
$124,000
Forgiveness Amount
$124,739
Forgiveness Date
Feb 16, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
The Ivy Academy of Early Learning
Address
545 Hiawatha Drive
City
Elgin
ZIP Code
60120-4022
Business Type
Corporation
Industry (NAICS)
Health Care and Social Assistance (624410)
Business Age
Existing or more than 2 years old
Jobs Reported
22
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
IL-03

Loan Use Breakdown

Payroll
$93,000
Rent
$24,800
Utilities
$6,200

Lender Information

Servicing Lender
Sterling Bank
Originating Lender
Sterling Bank

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