2617 AUTO REPAIR INC (IL) - 2020 PPP Loan Borrower Profile (# 3087218403)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 2617 AUTO REPAIR 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

3087218403

SBA Office Code

0507

Processing Method

PPS

Curent Loan Amount

$94,240

Date Loan was Approved

Feb 4, 2021

Amount Forgiven

$56,379.29

Date Loan was Forgiven

Jan 28, 2022

Loan Status

Charged Off

Loan Term

36 Months

Utilities Proced

Payroll Proced

94,237

Lender

Bank of America, National Association

Business Detail

Business Type

Corporation

NAICS

488999

Borrower Location

Chicago, IL

Project Location

Chicago, IL

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.