ADVANCED COMPRESSOR TECHNOLOGY INC. (IL) - 2020 PPP Loan Borrower Profile (# 7167118308)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADVANCED COMPRESSOR TECHNOLOGY 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

7167118308

SBA Office Code

0507

Processing Method

PPS

Curent Loan Amount

$480,237

Date Loan was Approved

Jan 28, 2021

Amount Forgiven

$483,785.42

Date Loan was Forgiven

Nov 1, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Payroll Proced

480,237

Lender

Schaumburg Bank & Trust Company, National Association

Business Detail

Business Type

Corporation

NAICS

811310

Borrower Location

Batavia, IL

Project Location

Batavia, IL

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.