ADAM M. SIMS (IL) - 2020 PPP Loan Borrower Profile (# 4288257300)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADAM M. SIMS. 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

4288257300

SBA Office Code

0507

Processing Method

PPP

Curent Loan Amount

$7,342.92

Date Loan was Approved

Apr 29, 2020

Amount Forgiven

$7,377.92

Date Loan was Forgiven

Nov 2, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

458.92

Payroll Proced

5,507.2

Debt Interest Proceed

1,376.8

Lender

The First National Bank of Litchfield

Business Detail

Business Type

Sole Proprietorship

NAICS

111199

Borrower Location

NEW BERLIN, IL

Project Location

NEW BERLIN, IL

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.