# PPP loan: KEMIT ACADEMY
> **$433K** approved 08/06/2020 · Charged Off · Loan `4814098210`
## Borrower
- **Name:** KEMIT ACADEMY
- **Address:** 5100 S DORCHESTER AVE, CHICAGO, IL, 60615-4118
- **NAICS:** 624410
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $433K
- **Initial approval:** $433K
- **Status:** Charged Off
- **Term:** 11 months
## Use of funds
- **Payroll:** $433K
- **Jobs reported:** 14
## Lender
- **Originating:** MBE Capital Partners
- **Servicing:** Lendistry-Federal Reserve (MBE) Contract (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*