PPP Loan information for Advanced food systems inc

$585,515

Advanced food systems inc was initially approved for PPP Loan of amount $585,515, the current approved amount is $585,515. The loan was approved on 05/01/2020 by The Bank of America, National Association reported 34 jobs and $585,515 was used to fund payroll.

Advanced food systems inc is New Business or 2 years or less

PPP Loan Search / NJ / SOMERSET / Advanced food systems inc

ADVANCED FOOD SYSTEMS INC

Date Approved

05/01/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

ADVANCED FOOD SYSTEMS INC

Borrower Address

21 ROOSEVELT AVE

Borrower City

SOMERSET

Borrower State

NJ

Borrower Zip

08873-5030

Loan Status Date

06/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

585515.00

Current Approval Amount

585515.00

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

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

SOMERSET

Project County Name

SOMERSET

Project State

NJ

Project Zip

08873-5030

CD

NJ-12

Jobs Reported

34

NAICS Code

311930

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

585515.00

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

591386.19

Forgiveness Date

05/06/2021

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