PPP Loan information for Area distributors, inc.

$284,994

Area distributors, inc. was initially approved for PPP Loan of amount $284,994, the current approved amount is $284,994. The loan was approved on 04/08/2020 by The United Community Bank reported 24 jobs and $284,994 was used to fund payroll.

Area distributors, inc. is Existing or more than 2 years old

PPP Loan Search / IL / QUINCY / Area distributors, inc.

AREA DISTRIBUTORS, INC.

Date Approved

04/08/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

AREA DISTRIBUTORS, INC.

Borrower Address

218 VERMONT ST

Borrower City

QUINCY

Borrower State

IL

Borrower Zip

62301-2734

Loan Status Date

02/01/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

284993.95

Current Approval Amount

284993.95

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

20465

Servicing Lender Name

United Community Bank

Servicing Lender Address

301 N Main St

Servicing Lender City

CHATHAM

Servicing Lender State

IL

Servicing Lender Zip

62629-1019

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

QUINCY

Project County Name

ADAMS

Project State

IL

Project Zip

62301-2734

CD

IL-15

Jobs Reported

24

NAICS Code

423990

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

284993.95

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

20465

Originating Lender

United Community Bank

Originating Lender City

CHATHAM

Originating Lender State

IL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

286917.66

Forgiveness Date

12/17/2020

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