A-1 LAPPING & MACHINE INC. (IL) - 2020 PPP Loan Borrower Profile (# 1876908304)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to A-1 LAPPING & MACHINE 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

1876908304

SBA Office Code

0507

Processing Method

PPS

Curent Loan Amount

$335,912.5

Date Loan was Approved

Jan 20, 2021

Amount Forgiven

$337,265.48

Date Loan was Forgiven

Jun 23, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

335,906.5

Lender

First Mid Bank and Trust National Association

Business Detail

Business Type

Subchapter S Corporation

NAICS

339999

Borrower Location

Rockford, IL

Project Location

Rockford, IL

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.