101 CORVETTE PAINT & BODY SHOP, INC (IL) - 2020 PPP Loan Borrower Profile (# 5584297104)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 101 CORVETTE PAINT & BODY SHOP, 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 Illinois.

Loan Detail

Loan Number

5584297104

SBA Office Code

0507

Processing Method

PPP

Curent Loan Amount

$28,600

Date Loan was Approved

Apr 13, 2020

Amount Forgiven

$28,903.48

Date Loan was Forgiven

May 10, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

28,600

Lender

Morton Community Bank

Business Detail

Business Type

Corporation

NAICS

811121

Borrower Location

MACOMB, IL

Project Location

MACOMB, IL

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.