ADVANCED MEDIA SYSTEMS, INC. (IL) - 2020 PPP Loan Borrower Profile (# 1787398206)

Updated on April 18, 2025.

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

1787398206

SBA Office Code

0507

Processing Method

PPP

Curent Loan Amount

$19,687

Date Loan was Approved

Jul 31, 2020

Amount Forgiven

$19,815.09

Date Loan was Forgiven

Mar 31, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

19,687

Mortgage Interest Proceed

Rent Proceed

Refinance EIDL Proceed

Health Care Proceed

Debt Interest Proceed

Lender

JPMorgan Chase Bank, National Association

Business Detail

Business Type

Subchapter S Corporation

NAICS

512110

Borrower Location

SCHAUMBURG, IL

Project Location

SCHAUMBURG, IL

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.