ADARA, INC (IL) - 2020 PPP Loan Borrower Profile (# 5579567010)
Updated on April 18, 2025.
See below the business details and the detail of the 2020 PPP loan given to ADARA, 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
5579567010
SBA Office Code
0507
Processing Method
PPP
Curent Loan Amount
$33,100
Date Loan was Approved
Apr 5, 2020
Amount Forgiven
$33,453.67
Date Loan was Forgiven
May 11, 2021
Loan Status
Paid in Full
Loan Term
24 Months
Payroll Proced
29,100
Rent Proceed
4,000
Lender
Farmers State Bank of Alto Pass, Illinois
Business Detail
Business Type
Corporation
NAICS
561730
Borrower Location
ENERGY, IL
Project Location
ENERGY, IL
Rural/Urban
Rural
Hubzone
No
Labor Market Information (LMI)
No
Jobs Reported
7
Business Age Description
Existing or more than 2 years old
Data Source: SBA.
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