3850 INC (IL) - 2020 PPP Loan Borrower Profile (# 1527267308)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 3850 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

1527267308

SBA Office Code

0507

Processing Method

PPP

Curent Loan Amount

$285,587

Date Loan was Approved

Apr 28, 2020

Amount Forgiven

$287,715.21

Date Loan was Forgiven

Feb 5, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

285,587

Lender

Bank of America, National Association

Business Detail

Business Type

Corporation

NAICS

445110

Borrower Location

CHICAGO, IL

Project Location

CHICAGO, IL

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Unanswered

Data Source: SBA.