A&R MECHANICAL SERVICES, INC (IL) - 2020 PPP Loan Borrower Profile (# 5689197007)

Updated on April 18, 2025.

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

5689197007

SBA Office Code

0507

Processing Method

PPP

Curent Loan Amount

$343,300

Date Loan was Approved

Apr 6, 2020

Amount Forgiven

$346,657.76

Date Loan was Forgiven

Apr 9, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

257,475

Mortgage Interest Proceed

85,825

Lender

Busey Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

541330

Borrower Location

URBANA, IL

Project Location

URBANA, IL

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Unanswered

Data Source: SBA.