2ND CHANCE WATER RESTORATION INC. (IL) - 2020 PPP Loan Borrower Profile (# 2248358407)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 2ND CHANCE WATER RESTORATION 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

2248358407

SBA Office Code

0507

Processing Method

PPS

Curent Loan Amount

$50,000

Date Loan was Approved

Feb 3, 2021

Amount Forgiven

$50,379.45

Date Loan was Forgiven

Nov 10, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

49,998

Lender

BMO Bank National Association

Business Detail

Business Type

Corporation

NAICS

624230

Borrower Location

Addison, IL

Project Location

Addison, IL

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.