ADVANCED INSURANCE MANAGEMENT LLC (IL) - 2020 PPP Loan Borrower Profile (# 8202107310)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADVANCED INSURANCE MANAGEMENT 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

8202107310

SBA Office Code

0507

Processing Method

PPP

Curent Loan Amount

$38,500

Date Loan was Approved

May 1, 2020

Amount Forgiven

$7,331.46

Date Loan was Forgiven

Dec 16, 2021

Loan Status

Exemption 4

Loan Term

60 Months

Payroll Proced

38,500

Lender

Bank of America, National Association

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

524298

Borrower Location

RIVERSIDE, IL

Project Location

RIVERSIDE, IL

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.