ABBOTT MACHINE COMPANY, INC (IL) - 2020 PPP Loan Borrower Profile (# 9444947007)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ABBOTT MACHINE COMPANY, 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

9444947007

SBA Office Code

0507

Processing Method

PPP

Curent Loan Amount

$448,970

Date Loan was Approved

Apr 9, 2020

Amount Forgiven

$452,287.39

Date Loan was Forgiven

Jan 7, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

336,727.5

Rent Proceed

112,242.5

Lender

Carrollton Bank

Business Detail

Business Type

Corporation

NAICS

332710

Borrower Location

ALTON, IL

Project Location

ALTON, IL

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Unanswered

Data Source: SBA.