706 S. FIFTH INC. (IL) - 2020 PPP Loan Borrower Profile (# 1908608510)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 706 S. FIFTH 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

1908608510

SBA Office Code

0507

Processing Method

PPS

Curent Loan Amount

$161,787

Date Loan was Approved

Feb 19, 2021

Amount Forgiven

$96,262.84

Date Loan was Forgiven

Jul 28, 2022

Loan Status

Exemption 4

Loan Term

60 Months

Utilities Proced

Payroll Proced

161,785

Lender

Busey Bank

Business Detail

Business Type

Corporation

NAICS

312120

Borrower Location

Champaign, IL

Project Location

Champaign, IL

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

120

Business Age Description

Existing or more than 2 years old

Data Source: SBA.