ADMO, INC. (IL) - 2020 PPP Loan Borrower Profile (# 4953457008)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADMO, 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

4953457008

SBA Office Code

0507

Processing Method

PPP

Curent Loan Amount

$492,300

Date Loan was Approved

Apr 4, 2020

Amount Forgiven

$495,759.78

Date Loan was Forgiven

Dec 28, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

492,300

Lender

American Community Bank & Trust

Business Detail

Business Type

Corporation

NAICS

326199

Borrower Location

ELGIN, IL

Project Location

ELGIN, IL

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.