5508 INC (OH) - 2020 PPP Loan Borrower Profile (# 5387207100)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 5508 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 Ohio.

Loan Detail

Loan Number

5387207100

SBA Office Code

0549

Processing Method

PPP

Curent Loan Amount

$123,200

Date Loan was Approved

Apr 13, 2020

Amount Forgiven

$124,825.56

Date Loan was Forgiven

Aug 19, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

123,200

Lender

Simmons Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

722511

Borrower Location

AKRON, OH

Project Location

AKRON, OH

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Unanswered

Data Source: SBA.