ALTOSGROUPS, LLC (NC) - 2020 PPP Loan Borrower Profile (# 3703537403)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ALTOSGROUPS, LLC. 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 North Carolina.

Loan Detail

Loan Number

3703537403

SBA Office Code

0460

Processing Method

PPP

Curent Loan Amount

$101,875

Date Loan was Approved

May 7, 2020

Amount Forgiven

Date Loan was Forgiven

Loan Status

Charged Off

Loan Term

3 Months

Utilities Proced

2,000

Payroll Proced

78,279

Mortgage Interest Proceed

Rent Proceed

9,000

Refinance EIDL Proceed

Health Care Proceed

12,596

Debt Interest Proceed

Lender

JPMorgan Chase Bank, National Association

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

531312

Borrower Location

CORNELIUS, NC

Project Location

CORNELIUS, NC

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.