EL GROUP LLC (RI) - 2020 PPP Loan Borrower Profile (# 6038987706)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to EL GROUP 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 Rhode Island.

Loan Detail

Loan Number

6038987706

SBA Office Code

0165

Processing Method

PPP

Curent Loan Amount

$154,575

Date Loan was Approved

May 1, 2020

Amount Forgiven

$155,803.13

Date Loan was Forgiven

Feb 19, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

154,575

Lender

Bank of America, National Association

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

541618

Borrower Location

PROVIDENCE, RI

Project Location

PROVIDENCE, RI

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

New Business or 2 years or less

Data Source: SBA.