ABSOLUTE PROCESS INSTRUMENTS, INC. (IL) - 2020 PPP Loan Borrower Profile (# 5017187001)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ABSOLUTE PROCESS INSTRUMENTS, 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

5017187001

SBA Office Code

0507

Processing Method

PPP

Curent Loan Amount

$347,000

Date Loan was Approved

Apr 4, 2020

Amount Forgiven

$349,429

Date Loan was Forgiven

Dec 23, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

43,375

Payroll Proced

260,250

Rent Proceed

43,375

Lender

Lake Forest Bank & Trust Company, National Association

Business Detail

Business Type

Subchapter S Corporation

NAICS

334519

Borrower Location

LIBERTYVILLE, IL

Project Location

LIBERTYVILLE, IL

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.