PPP Loan information for Ad-vance magnetics inc

$207,300

Ad-vance magnetics inc was initially approved for PPP Loan of amount $207,300, the current approved amount is $207,300. The loan was approved on 04/15/2020 by The 1st Source Bank reported 21 jobs and $207,300 was used to fund payroll.

Ad-vance magnetics inc is Existing or more than 2 years old

PPP Loan Search / IN / ROCHESTER / Ad-vance magnetics inc

AD-VANCE MAGNETICS INC

Date Approved

04/15/2020

SBA Office Code

0562

Processing Method

PPP

Borrower Name

AD-VANCE MAGNETICS INC

Borrower Address

625 Monroe Street

Borrower City

ROCHESTER

Borrower State

IN

Borrower Zip

46975

Loan Status Date

12/17/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

207300.00

Current Approval Amount

207300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24195

Servicing Lender Name

1st Source Bank

Servicing Lender Address

100 N Michigan St

Servicing Lender City

SOUTH BEND

Servicing Lender State

IN

Servicing Lender Zip

46601-1630

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

ROCHESTER

Project County Name

FULTON

Project State

IN

Project Zip

46975-0001

CD

IN-02

Jobs Reported

21

NAICS Code

337215

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

207300.00

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

Subchapter S Corporation

Originating Lender Location Id

24195

Originating Lender

1st Source Bank

Originating Lender City

SOUTH BEND

Originating Lender State

IN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

208422.88

Forgiveness Date

11/03/2020

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