42 LINES INC (IL) - 2020 PPP Loan Borrower Profile (# 5708557004)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 42 LINES 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

5708557004

SBA Office Code

0507

Processing Method

PPP

Curent Loan Amount

$1,266,800

Date Loan was Approved

Apr 6, 2020

Amount Forgiven

$1,279,433.29

Date Loan was Forgiven

Apr 15, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

950,100

Rent Proceed

316,700

Lender

Busey Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

511210

Borrower Location

CHAMPAIGN, IL

Project Location

CHAMPAIGN, IL

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Unanswered

Data Source: SBA.