516 E OAKWOOD LLC (IL) - 2020 PPP Loan Borrower Profile (# 9088417908)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 516 E OAKWOOD 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

9088417908

SBA Office Code

0507

Processing Method

PPP

Curent Loan Amount

$222,985

Date Loan was Approved

Jun 19, 2020

Amount Forgiven

Date Loan was Forgiven

Loan Status

Charged Off

Loan Term

40 Months

Payroll Proced

222,985

Lender

Fifth Third Bank

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

531390

Borrower Location

CHICAGO, IL

Project Location

CHICAGO, IL

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

New Business or 2 years or less

Data Source: SBA.