ADVANCE REFRIGERATION CO. (IL) - 2020 PPP Loan Borrower Profile (# 8501897008)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADVANCE REFRIGERATION CO.. 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

8501897008

SBA Office Code

0507

Processing Method

PPP

Curent Loan Amount

$217,833

Date Loan was Approved

Apr 8, 2020

Amount Forgiven

$219,140

Date Loan was Forgiven

Nov 20, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

21,783.3

Payroll Proced

163,374.75

Rent Proceed

32,674.95

Lender

St. Charles Bank & Trust Company, National Association

Business Detail

Business Type

Corporation

NAICS

423620

Borrower Location

BENSENVILLE, IL

Project Location

BENSENVILLE, IL

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.