ADVANCED PLASTICS INC (IL) - 2020 PPP Loan Borrower Profile (# 5562227006)

Updated on April 18, 2025.

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

5562227006

SBA Office Code

0507

Processing Method

PPP

Curent Loan Amount

$58,600

Date Loan was Approved

Apr 5, 2020

Amount Forgiven

$59,168.09

Date Loan was Forgiven

Mar 31, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

7,325

Payroll Proced

43,950

Mortgage Interest Proceed

7,325

Lender

Village Bank and Trust, National Association

Business Detail

Business Type

Corporation

NAICS

424610

Borrower Location

LAKE ZURICH, IL

Project Location

LAKE ZURICH, IL

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.