A-1 LAPPING & MACHINE INC. (IL) - 2020 PPP Loan Borrower Profile (# 6437587004)

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

6437587004

SBA Office Code

0507

Processing Method

PPP

Curent Loan Amount

$239,000

Date Loan was Approved

Apr 6, 2020

Amount Forgiven

$240,566.78

Date Loan was Forgiven

Dec 3, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

239,000

Lender

First Mid Bank and Trust National Association

Business Detail

Business Type

Subchapter S Corporation

NAICS

333999

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.