ALEM BERHANU (MD) - 2020 PPP Loan Borrower Profile (# 8241357906)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ALEM BERHANU. 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 Maryland.

Loan Detail

Loan Number

8241357906

SBA Office Code

0353

Processing Method

PPP

Curent Loan Amount

$8,797

Date Loan was Approved

Jun 18, 2020

Amount Forgiven

$8,880.87

Date Loan was Forgiven

Jun 2, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

1,099.62

Payroll Proced

6,597.76

Rent Proceed

1,099.62

Lender

Celtic Bank Corporation

Business Detail

Business Type

Sole Proprietorship

NAICS

611699

Borrower Location

Silver Spring, MD

Project Location

Silver Spring, MD

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.