PPP Loan information for Advanced cutting tools inc

$209,940

Advanced cutting tools inc was initially approved for PPP Loan of amount $209,940, the current approved amount is $209,940. The loan was approved on 05/01/2020 by The Bank of America, National Association reported 21 jobs and $209,940 was used to fund payroll.

Advanced cutting tools inc is New Business or 2 years or less

PPP Loan Search / CA / HUNTINGTON BEACH / Advanced cutting tools inc

ADVANCED CUTTING TOOLS INC

Date Approved

05/01/2020

SBA Office Code

0920

Processing Method

PPP

Borrower Name

ADVANCED CUTTING TOOLS INC

Borrower Address

17741 METZLER LN # B

Borrower City

HUNTINGTON BEACH

Borrower State

CA

Borrower Zip

92647-6246

Loan Status Date

03/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

209940.00

Current Approval Amount

209940.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

9551

Servicing Lender Name

Bank of America, National Association

Servicing Lender Address

100 N Tryon St, Ste 170

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-4024

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

New Business or 2 years or less

Project City

HUNTINGTON BEACH

Project County Name

ORANGE

Project State

CA

Project Zip

92647-6246

CD

CA-47

Jobs Reported

21

NAICS Code

332216

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

209940.00

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

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

207358.76

Forgiveness Date

02/10/2021

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