ABDUL FARAAZ SYED (IL) - 2020 PPP Loan Borrower Profile (# 5815987903)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ABDUL FARAAZ SYED. 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

5815987903

SBA Office Code

0507

Processing Method

PPP

Curent Loan Amount

$18,261.75

Date Loan was Approved

Jun 16, 2020

Amount Forgiven

$18,373.32

Date Loan was Forgiven

Jan 26, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

2,282.72

Payroll Proced

13,696.31

Mortgage Interest Proceed

2,282.72

Lender

Celtic Bank Corporation

Business Detail

Business Type

Self-Employed Individuals

NAICS

519190

Borrower Location

Villa Park, IL

Project Location

Villa Park, IL

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.