AL IKHLAS TRAINING ACADEMY (MI) - 2020 PPP Loan Borrower Profile (# 2607708800)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AL IKHLAS TRAINING ACADEMY. 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 Michigan.

Loan Detail

Loan Number

2607708800

SBA Office Code

0515

Processing Method

PPS

Curent Loan Amount

$69,127

Date Loan was Approved

Apr 13, 2021

Amount Forgiven

$69,680.02

Date Loan was Forgiven

Jan 28, 2022

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

69,125

Lender

PNC Bank, National Association

Business Detail

Business Type

Non-Profit Organization

NAICS

611110

Borrower Location

Detroit, MI

Project Location

Detroit, MI

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.