AL RAYYAN INC. (MI) - 2020 PPP Loan Borrower Profile (# 1272168807)
Updated on April 18, 2025.
See below the business details and the detail of the 2020 PPP loan given to AL RAYYAN 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 Michigan.
Loan Detail
Loan Number
1272168807
SBA Office Code
0515
Processing Method
PPP
Curent Loan Amount
$13,205
Date Loan was Approved
Apr 10, 2021
Amount Forgiven
$13,404.87
Date Loan was Forgiven
Oct 24, 2022
Loan Status
Paid in Full
Loan Term
60 Months
Utilities Proced
1
Payroll Proced
13,203
Lender
JPMorgan Chase Bank, National Association
Business Detail
Business Type
Corporation
NAICS
722511
Borrower Location
Sterling Heights, MI
Project Location
Sterling Heights, MI
Rural/Urban
Urban
Hubzone
No
Labor Market Information (LMI)
No
Jobs Reported
5
Business Age Description
Existing or more than 2 years old
Data Source: SBA.