2ND GEN CERMAK INC (IL) - 2020 PPP Loan Borrower Profile (# 2866477104)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 2ND GEN CERMAK INC. 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

2866477104

SBA Office Code

0507

Processing Method

PPP

Curent Loan Amount

$70,612.5

Date Loan was Approved

Apr 11, 2020

Amount Forgiven

$71,426.51

Date Loan was Forgiven

Jun 11, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

70,612.5

Lender

First Midwest Bank, A Division of Old National Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

722513

Borrower Location

Chicago, IL

Project Location

Chicago, IL

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.