2050 MOTORS, INC. (IL) - 2020 PPP Loan Borrower Profile (# 7791977806)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 2050 MOTORS, 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

7791977806

SBA Office Code

0507

Processing Method

PPP

Curent Loan Amount

$11,593

Date Loan was Approved

Jun 4, 2020

Amount Forgiven

$11,688.6

Date Loan was Forgiven

Apr 2, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

11,593

Lender

Bank of America, National Association

Business Detail

Business Type

Corporation

NAICS

541614

Borrower Location

LISLE, IL

Project Location

LISLE, IL

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.