PPP Loan information for Al-furqaan foundation

$220,740

Al-furqaan foundation was initially approved for PPP Loan of amount $220,740, the current approved amount is $220,740. The loan was approved on 03/20/2021 by The Devon Bank reported 37 jobs and $220,740 was used to fund payroll.

Al-furqaan foundation is Existing or more than 2 years old

PPP Loan Search / IL / Bolingbrook / Al-furqaan foundation

AL-FURQAAN FOUNDATION

Date Approved

03/20/2021

SBA Office Code

0507

Processing Method

PPS

Borrower Name

AL-FURQAAN FOUNDATION

Borrower Address

401 W Boughton Rd

Borrower City

Bolingbrook

Borrower State

IL

Borrower Zip

60440-1821

Loan Status Date

10/19/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

220740.00

Current Approval Amount

220740.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

20543

Servicing Lender Name

Devon Bank

Servicing Lender Address

6445 N Western Ave

Servicing Lender City

CHICAGO

Servicing Lender State

IL

Servicing Lender Zip

60645-5590

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Bolingbrook

Project County Name

WILL

Project State

IL

Project Zip

60440-1821

CD

IL-11

Jobs Reported

37

NAICS Code

813219

Race

Asian

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

220734.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Non-Profit Organization

Originating Lender Location Id

20543

Originating Lender

Devon Bank

Originating Lender City

CHICAGO

Originating Lender State

IL

Gender

Male Owned

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

221774.15

Forgiveness Date

09/17/2021

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