1561 STATE LLC (IL) - 2020 PPP Loan Borrower Profile (# 4694879002)
Updated on April 18, 2025.
See below the business details and the detail of the 2020 PPP loan given to 1561 STATE LLC. 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 Illinois.
Loan Detail
Loan Number
4694879002
SBA Office Code
0507
Processing Method
PPP
Curent Loan Amount
$20,832
Date Loan was Approved
May 20, 2021
Amount Forgiven
$
Date Loan was Forgiven
Loan Status
Charged Off
Loan Term
27 Months
Utilities Proced
1
Payroll Proced
20,829
Lender
Prestamos CDFI, LLC
Business Detail
Business Type
Limited Liability Company(LLC)
NAICS
531311
Borrower Location
Morton Grove, IL
Project Location
Morton Grove, IL
Rural/Urban
Urban
Hubzone
No
Labor Market Information (LMI)
No
Jobs Reported
1
Business Age Description
Existing or more than 2 years old
Data Source: SBA.
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