ADVANCED AUDIO & LIGHTING SYSTEMS INC (IL) - 2020 PPP Loan Borrower Profile (# 1917148309)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADVANCED AUDIO & LIGHTING SYSTEMS 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

1917148309

SBA Office Code

0507

Processing Method

PPP

Curent Loan Amount

$186,072.5

Date Loan was Approved

Jan 20, 2021

Amount Forgiven

$187,380.18

Date Loan was Forgiven

Oct 6, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Payroll Proced

186,072.5

Lender

First Mid Bank & Trust, National Association

Business Detail

Business Type

Subchapter S Corporation

NAICS

238120

Borrower Location

Peoria, IL

Project Location

Peoria, IL

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.