A & A MAGNETICS, INC (IL) - 2020 PPP Loan Borrower Profile (# 7197367002)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to A & A MAGNETICS, 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

7197367002

SBA Office Code

0507

Processing Method

PPP

Curent Loan Amount

$232,400

Date Loan was Approved

Apr 7, 2020

Amount Forgiven

$234,239.83

Date Loan was Forgiven

Jan 28, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

232,400

Lender

Prairie Community Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

339999

Borrower Location

WOODSTOCK, IL

Project Location

WOODSTOCK, IL

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.