# PPP loan: PENNY LANE SCHOOL MANAGEMENT COMPANY, INC.
> **$585K** approved 05/01/2020 · Paid in Full · Loan `2089837709`
## Borrower
- **Name:** PENNY LANE SCHOOL MANAGEMENT COMPANY, INC.
- **Address:** 10255 Ridgeland Ave, Chicago Ridge, IL, 60415
- **NAICS:** 624410
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $585K
- **Initial approval:** $585K
- **Forgiven:** $593K (101%)
- **Forgiveness date:** 08/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $468K
- **Rent:** $103K
- **Utilities:** $14K
- **Jobs reported:** 145
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*