# PPP loan: MUSIC INSTITUTE OF CHICAGO
> **$850K** approved 01/23/2021 · Paid in Full · Loan `4173458308`
## Borrower
- **Name:** MUSIC INSTITUTE OF CHICAGO
- **Address:** 1702 Sherman Ave, Evanston, IL, 60201-3713
- **NAICS:** 611610
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $850K
- **Initial approval:** $850K
- **Forgiven:** $861K (101%)
- **Forgiveness date:** 04/27/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $850K
- **Utilities:** $1
- **Jobs reported:** 200
## Lender
- **Originating:** Byline Bank
- **Servicing:** Byline Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*