ABLE MOTEL CORPORATION (IL) - 2020 PPP Loan Borrower Profile (# 5115318907)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ABLE MOTEL CORPORATION. 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

5115318907

SBA Office Code

0507

Processing Method

PPS

Curent Loan Amount

$32,112

Date Loan was Approved

Apr 29, 2021

Amount Forgiven

$32,224.39

Date Loan was Forgiven

Sep 8, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Payroll Proced

32,112

Lender

Barrington Bank & Trust Company, National Association

Business Detail

Business Type

Corporation

NAICS

721110

Borrower Location

South Barrington, IL

Project Location

South Barrington, IL

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.