ADA METAL PRODUCTS INC. (IL) - 2020 PPP Loan Borrower Profile (# 3244278306)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADA METAL PRODUCTS 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

3244278306

SBA Office Code

0507

Processing Method

PPS

Curent Loan Amount

$245,000

Date Loan was Approved

Jan 21, 2021

Amount Forgiven

$246,163.75

Date Loan was Forgiven

Jul 16, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

244,997

Lender

Providence Bank and Trust

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

333120

Borrower Location

Lincolnwood, IL

Project Location

Lincolnwood, IL

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.