305 MADISON INC (IL) - 2020 PPP Loan Borrower Profile (# 7382347009)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 305 MADISON 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

7382347009

SBA Office Code

0507

Processing Method

PPP

Curent Loan Amount

$11,247

Date Loan was Approved

Apr 7, 2020

Amount Forgiven

$11,346.53

Date Loan was Forgiven

Feb 25, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

11,247

Lender

Bank of Hillsboro, National Association

Business Detail

Business Type

Corporation

NAICS

445310

Borrower Location

LEBANON, IL

Project Location

LEBANON, IL

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.