ACCURATE BEARING INC (IL) - 2020 PPP Loan Borrower Profile (# 7406957206)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ACCURATE BEARING 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

7406957206

SBA Office Code

0507

Processing Method

PPP

Curent Loan Amount

$154,556

Date Loan was Approved

Apr 28, 2020

Amount Forgiven

$155,899.78

Date Loan was Forgiven

Mar 11, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

154,556

Lender

Old Second National Bank

Business Detail

Business Type

Corporation

NAICS

423840

Borrower Location

ADDISON, IL

Project Location

ADDISON, IL

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.