# PPP loan: AMERICAN ACADEMY OF ART COLLEGE, INC
> **$692K** approved 05/01/2020 · Paid in Full · Loan `1131697802`
## Borrower
- **Name:** AMERICAN ACADEMY OF ART COLLEGE, INC
- **Address:** 332 S Michagan Ave, Third Floor, Chicago, IL, 60604-4302
- **NAICS:** 611310
- **Business type:** 501(c)3 ¿ Non Profit
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $692K
- **Initial approval:** $692K
- **Forgiven:** $702K (101%)
- **Forgiveness date:** 10/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $692K
- **Jobs reported:** 102
## Lender
- **Originating:** Fifth Third Bank
- **Servicing:** Fifth Third Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*