16 PENNY LLC (IL) - 2020 PPP Loan Borrower Profile (# 3839217106)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 16 PENNY 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

3839217106

SBA Office Code

0507

Processing Method

PPP

Curent Loan Amount

$35,000

Date Loan was Approved

Apr 12, 2020

Amount Forgiven

$26,353.89

Date Loan was Forgiven

Aug 24, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

2,500

Payroll Proced

18,750

Mortgage Interest Proceed

3,750

Refinance EIDL Proceed

10,000

Lender

Hinsdale Bank & Trust Company, National Association

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

236220

Borrower Location

CHICAGO, IL

Project Location

CHICAGO, IL

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.