2 SOUTH STATE INC (IL) - 2020 PPP Loan Borrower Profile (# 2047407406)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 2 SOUTH STATE 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

2047407406

SBA Office Code

0507

Processing Method

PPP

Curent Loan Amount

$22,235

Date Loan was Approved

May 5, 2020

Amount Forgiven

$22,451.87

Date Loan was Forgiven

Apr 29, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

22,235

Lender

BMO Bank National Association

Business Detail

Business Type

Corporation

NAICS

445120

Borrower Location

ELGIN, IL

Project Location

ELGIN, IL

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.