55TH FOOD MART INC. (IL) - 2020 PPP Loan Borrower Profile (# 7401178303)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 55TH FOOD MART 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

7401178303

SBA Office Code

0507

Processing Method

PPS

Curent Loan Amount

$12,250

Date Loan was Approved

Jan 28, 2021

Amount Forgiven

Date Loan was Forgiven

Loan Status

Charged Off

Loan Term

38 Months

Utilities Proced

Payroll Proced

12,247

Lender

Fifth Third Bank

Business Detail

Business Type

Corporation

NAICS

445120

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.