ADVANCED ELECTRONICS INC (IL) - 2020 PPP Loan Borrower Profile (# 2415968400)
Updated on April 18, 2025.
See below the business details and the detail of the 2020 PPP loan given to ADVANCED ELECTRONICS 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
2415968400
SBA Office Code
0507
Processing Method
PPS
Curent Loan Amount
$62,200
Date Loan was Approved
Feb 3, 2021
Amount Forgiven
$63,039.7
Date Loan was Forgiven
Jun 14, 2022
Loan Status
Paid in Full
Loan Term
60 Months
Utilities Proced
1
Payroll Proced
62,197
Lender
Union National Bank
Business Detail
Business Type
Subchapter S Corporation
NAICS
334418
Borrower Location
West Chicago, IL
Project Location
West Chicago, IL
Rural/Urban
Urban
Hubzone
No
Labor Market Information (LMI)
No
Jobs Reported
8
Business Age Description
Existing or more than 2 years old
Data Source: SBA.
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