PPP Loan information for Advance machinery inc dba advance cutting systems

$302,500

Advance machinery inc dba advance cutting systems was initially approved for PPP Loan of amount $302,500, the current approved amount is $302,500. The loan was approved on 04/21/2021 by The Millennial Bank reported 22 jobs and $302,500 was used to fund payroll.

Advance machinery inc dba advance cutting systems is Existing or more than 2 years old

PPP Loan Search / AL / Pelham / Advance machinery inc dba advance cutting systems

ADVANCE MACHINERY INC DBA ADVANCE CUTTING SYSTEMS

Date Approved

04/21/2021

SBA Office Code

0459

Processing Method

PPS

Borrower Name

ADVANCE MACHINERY INC DBA ADVANCE CUTTING SYSTEMS

Borrower Address

112 Hilltop Business Center Dr

Borrower City

Pelham

Borrower State

AL

Borrower Zip

35124-1310

Loan Status Date

09/24/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

302500.00

Current Approval Amount

302500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

122122

Servicing Lender Name

Millennial Bank

Servicing Lender Address

7924 Parkway Dr

Servicing Lender City

LEEDS

Servicing Lender State

AL

Servicing Lender Zip

35094-2125

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Pelham

Project County Name

SHELBY

Project State

AL

Project Zip

35124-1310

CD

AL-06

Jobs Reported

22

NAICS Code

423830

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

302497.00

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

Corporation

Originating Lender Location Id

122122

Originating Lender

Millennial Bank

Originating Lender City

LEEDS

Originating Lender State

AL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

303550.35

Forgiveness Date

08/25/2021

;