A CHANCE COMMUNITY ORGANIZATION INC (MI) - 2020 PPP Loan Borrower Profile (# 1015698703)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to A CHANCE COMMUNITY ORGANIZATION 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 Michigan.

Loan Detail

Loan Number

1015698703

SBA Office Code

0515

Processing Method

PPP

Curent Loan Amount

$8,665

Date Loan was Approved

Mar 26, 2021

Amount Forgiven

$7,968.45

Date Loan was Forgiven

Dec 22, 2022

Loan Status

Charged Off

Loan Term

30 Months

Utilities Proced

Payroll Proced

8,660

Lender

Fifth Third Bank

Business Detail

Business Type

Corporation

NAICS

926110

Borrower Location

Detroit, MI

Project Location

Detroit, MI

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.