ACORNS OF WATERLOO, INC. (IL) - 2020 PPP Loan Borrower Profile (# 6105237008)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ACORNS OF WATERLOO, 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

6105237008

SBA Office Code

0507

Processing Method

PPP

Curent Loan Amount

$75,000

Date Loan was Approved

Apr 6, 2020

Amount Forgiven

$75,425

Date Loan was Forgiven

Nov 5, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

8,000

Payroll Proced

60,000

Mortgage Interest Proceed

7,000

Lender

The First National Bank of Waterloo

Business Detail

Business Type

Corporation

NAICS

713910

Borrower Location

WATERLOO, IL

Project Location

WATERLOO, IL

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.