520 MACHINERY SALES LLC (IL) - 2020 PPP Loan Borrower Profile (# 2052838309)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 520 MACHINERY SALES LLC. 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

2052838309

SBA Office Code

0507

Processing Method

PPS

Curent Loan Amount

$115,742.77

Date Loan was Approved

Jan 20, 2021

Amount Forgiven

$116,501.53

Date Loan was Forgiven

Sep 24, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

115,738.77

Lender

Byline Bank

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

423830

Borrower Location

Schaumburg, IL

Project Location

Schaumburg, IL

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.