ADVANCE GRINDING SERVICES INC. (IL) - 2020 PPP Loan Borrower Profile (# 2306798300)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADVANCE GRINDING SERVICES 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

2306798300

SBA Office Code

0507

Processing Method

PPS

Curent Loan Amount

$253,760

Date Loan was Approved

Jan 20, 2021

Amount Forgiven

Date Loan was Forgiven

Loan Status

Exemption 4

Loan Term

60 Months

Utilities Proced

Payroll Proced

253,757

Lender

First Midwest Bank, A Division of Old National Bank

Business Detail

Business Type

Corporation

NAICS

212299

Borrower Location

Arlington Heights, IL

Project Location

Arlington Heights, IL

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.