ABSHER-ARNOLD MOTORS, LLC (IL) - 2020 PPP Loan Borrower Profile (# 4982117010)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ABSHER-ARNOLD MOTORS, LLC. 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

4982117010

SBA Office Code

0507

Processing Method

PPP

Curent Loan Amount

$312,800

Date Loan was Approved

Apr 4, 2020

Amount Forgiven

$314,968.18

Date Loan was Forgiven

Dec 21, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

15,000

Payroll Proced

272,800

Mortgage Interest Proceed

25,000

Lender

First Southern Bank

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

441110

Borrower Location

MARION, IL

Project Location

MARION, IL

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.