# PPP loan: ARCADIA CAPITAL RESEARCH INC
> **$646K** approved 05/01/2020 · Exemption 4 · Loan `2053307701`
## Borrower
- **Name:** ARCADIA CAPITAL RESEARCH INC
- **Address:** 1250 South Grove Avenue, BARRINGTON, IL, 60010
- **NAICS:** —
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $646K
- **Initial approval:** $646K
- **Forgiven:** $561K (87%)
- **Forgiveness date:** 12/22/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $496K
- **Rent:** $19K
- **Utilities:** $16K
- **Health care:** $28K
- **Debt interest:** $87K
- **Jobs reported:** 24
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*