ABLE DIE CASTING (IL) - 2020 PPP Loan Borrower Profile (# 7030397205)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ABLE DIE CASTING. 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

7030397205

SBA Office Code

0507

Processing Method

PPP

Curent Loan Amount

$551,000

Date Loan was Approved

Apr 28, 2020

Amount Forgiven

$556,356.94

Date Loan was Forgiven

Apr 15, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

55,100

Payroll Proced

413,250

Rent Proceed

82,650

Lender

Lake Forest Bank & Trust Company, National Association

Business Detail

Business Type

Corporation

NAICS

333249

Borrower Location

SCHILLER PARK, IL

Project Location

SCHILLER PARK, IL

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.