ABBOTT INDUSTRIES INC (IL) - 2020 PPP Loan Borrower Profile (# 5580348203)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ABBOTT INDUSTRIES 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

5580348203

SBA Office Code

0507

Processing Method

PPP

Curent Loan Amount

$527,445

Date Loan was Approved

Aug 8, 2020

Amount Forgiven

Date Loan was Forgiven

Loan Status

Charged Off

Loan Term

41 Months

Payroll Proced

527,445

Lender

BMO Bank National Association

Business Detail

Business Type

Corporation

NAICS

238220

Borrower Location

BENSENVILLE, IL

Project Location

BENSENVILLE, IL

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

New Business or 2 years or less

Data Source: SBA.