FAREED DEME (VI) - 2020 PPP Loan Borrower Profile (# 4251488607)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to FAREED DEME. 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 US Virgin Islands.

Loan Detail

Loan Number

4251488607

SBA Office Code

0252

Processing Method

PPP

Curent Loan Amount

$20,800

Date Loan was Approved

Mar 18, 2021

Amount Forgiven

$20,896.49

Date Loan was Forgiven

Sep 7, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Payroll Proced

20,800

Lender

Banco Popular de Puerto Rico

Business Detail

Business Type

Sole Proprietorship

NAICS

812310

Borrower Location

St Thomas, VI

Project Location

St Thomas, VI

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.