575 U, LLC (OK) - 2020 PPP Loan Borrower Profile (# 6115187010)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 575 U, 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 Oklahoma.

Loan Detail

Loan Number

6115187010

SBA Office Code

0680

Processing Method

PPP

Curent Loan Amount

$178,700

Date Loan was Approved

Apr 6, 2020

Amount Forgiven

$121,040.64

Date Loan was Forgiven

Jun 24, 2021

Loan Status

Charged Off

Loan Term

17 Months

Utilities Proced

1,625

Payroll Proced

134,175

Rent Proceed

27,200

Health Care Proceed

15,700

Lender

Armstrong Bank

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

722511

Borrower Location

NORMAN, OK

Project Location

NORMAN, OK

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.