A & E INSURANCE ASSOCIATES, LLC (IL) - 2020 PPP Loan Borrower Profile (# 7308107303)

Updated on April 18, 2025.

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

7308107303

SBA Office Code

0507

Processing Method

PPP

Curent Loan Amount

$33,000

Date Loan was Approved

Apr 30, 2020

Amount Forgiven

$33,225.5

Date Loan was Forgiven

Jan 7, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

1,650

Payroll Proced

26,460

Rent Proceed

4,890

Lender

First Mid Bank & Trust, National Association

Business Detail

Business Type

Sole Proprietorship

NAICS

524210

Borrower Location

MOUNT VERNON, IL

Project Location

MOUNT VERNON, IL

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.