ADVANCE WHEEL CORPORATION (IL) - 2020 PPP Loan Borrower Profile (# 3895678301)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADVANCE WHEEL CORPORATION. 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

3895678301

SBA Office Code

0507

Processing Method

PPS

Curent Loan Amount

$569,350

Date Loan was Approved

Jan 22, 2021

Amount Forgiven

$574,521.6

Date Loan was Forgiven

Jan 6, 2022

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

569,349

Lender

Wheaton Bank & Trust Company, National Association

Business Detail

Business Type

Corporation

NAICS

336390

Borrower Location

Chicago, IL

Project Location

Chicago, IL

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.