ABIODUN BABALOLA (MN) - 2020 PPP Loan Borrower Profile (# 2577559002)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ABIODUN BABALOLA. 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 Minnesota.

Loan Detail

Loan Number

2577559002

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$13,432

Date Loan was Approved

May 17, 2021

Amount Forgiven

$13,465.58

Date Loan was Forgiven

Sep 22, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Payroll Proced

13,432

Lender

Capital Plus Financial, LLC

Business Detail

Business Type

Sole Proprietorship

NAICS

492110

Borrower Location

Brooklyn Park, MN

Project Location

Brooklyn Park, MN

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.