16BIT LLC (IL) - 2020 PPP Loan Borrower Profile (# 4841778600)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 16BIT 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 Illinois.

Loan Detail

Loan Number

4841778600

SBA Office Code

0507

Processing Method

PPP

Curent Loan Amount

$28,125

Date Loan was Approved

Mar 20, 2021

Amount Forgiven

$28,296.09

Date Loan was Forgiven

Nov 1, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

28,121

Lender

First American Bank

Business Detail

Business Type

Limited Liability Partnership

NAICS

541512

Borrower Location

Vernon Hills, IL

Project Location

Vernon Hills, IL

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.