ACADEMY OF AMERICA (MI) - 2020 PPP Loan Borrower Profile (# 9289177000)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ACADEMY OF AMERICA. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Michigan.

Loan Detail

Loan Number

9289177000

SBA Office Code

0515

Processing Method

PPP

Curent Loan Amount

$63,332

Date Loan was Approved

Apr 9, 2020

Amount Forgiven

$64,135.4

Date Loan was Forgiven

Jul 20, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

3,167

Payroll Proced

50,665

Mortgage Interest Proceed

Rent Proceed

9,500

Refinance EIDL Proceed

Health Care Proceed

Debt Interest Proceed

Lender

JPMorgan Chase Bank, National Association

Business Detail

Business Type

Non-Profit Organization

NAICS

611430

Borrower Location

Oak Park, MI

Project Location

Oak Park, MI

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.