ALGEREM, INC. (OH) - 2020 PPP Loan Borrower Profile (# 8341727003)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ALGEREM, 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

8341727003

SBA Office Code

0593

Processing Method

PPP

Curent Loan Amount

$674,000

Date Loan was Approved

Apr 8, 2020

Amount Forgiven

$679,766.44

Date Loan was Forgiven

Feb 25, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

505,500

Rent Proceed

168,500

Lender

Peoples Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

722513

Borrower Location

NEW ALBANY, OH

Project Location

NEW ALBANY, OH

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

163

Business Age Description

Existing or more than 2 years old

Data Source: SBA.