PPP Loan information for The detroit institute of arts

$3,965,625

The detroit institute of arts was initially approved for PPP Loan of amount $3,965,625, the current approved amount is $3,965,625. The loan was approved on 04/11/2020 by The JPMorgan Chase Bank, National Association reported 393 jobs and $3,965,625 was used to fund payroll.

The detroit institute of arts is Existing or more than 2 years old

PPP Loan Search / MI / Detroit / The detroit institute of arts

THE DETROIT INSTITUTE OF ARTS

Date Approved

04/11/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

THE DETROIT INSTITUTE OF ARTS

Borrower Address

5200 Woodward Ave 0.0

Borrower City

Detroit

Borrower State

MI

Borrower Zip

48202-4008

Loan Status Date

05/19/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

3965625.00

Current Approval Amount

3965625.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

48270

Servicing Lender Name

JPMorgan Chase Bank, National Association

Servicing Lender Address

1111 Polaris Pkwy

Servicing Lender City

COLUMBUS

Servicing Lender State

OH

Servicing Lender Zip

43240-2031

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Detroit

Project County Name

WAYNE

Project State

MI

Project Zip

48202-4008

CD

MI-13

Jobs Reported

393

NAICS Code

712110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

200000.00

Payroll Proceed

3297963.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

467662.00

Debt Interest Proceed

0

Business Type

Non-Profit Organization

Originating Lender Location Id

48270

Originating Lender

JPMorgan Chase Bank, National Association

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Y

Forgiveness Amount

3742193.81

Forgiveness Date

01/28/2022

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