ADVANCED CONCEPTS & PRECISION COMPONENTS, LLC (IL) - 2020 PPP Loan Borrower Profile (# 1202407805)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADVANCED CONCEPTS & PRECISION COMPONENTS, LLC. 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

1202407805

SBA Office Code

0507

Processing Method

PPP

Curent Loan Amount

$23,032

Date Loan was Approved

May 1, 2020

Amount Forgiven

$23,351.89

Date Loan was Forgiven

Sep 27, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

23,032

Lender

Fifth Third Bank

Business Detail

Business Type

Corporation

NAICS

561990

Borrower Location

WAUCONDA, IL

Project Location

WAUCONDA, IL

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

New Business or 2 years or less

Data Source: SBA.