520 MACHINERY SALES LLC (IL) - 2020 PPP Loan Borrower Profile (# 5924747007)

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

5924747007

SBA Office Code

0507

Processing Method

PPP

Curent Loan Amount

$84,200

Date Loan was Approved

Apr 6, 2020

Amount Forgiven

$84,756.05

Date Loan was Forgiven

Feb 16, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

84,200

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.