PPP Loan information for Advance mechanical systems inc.

$2,000,000

Advance mechanical systems inc. was initially approved for PPP Loan of amount $2,000,000, the current approved amount is $2,000,000. The loan was approved on 02/16/2021 by The CIBC Bank USA reported 227 jobs and $2,000,000 was used to fund payroll.

Advance mechanical systems inc. is Existing or more than 2 years old

PPP Loan Search / IL / Arlington Heights / Advance mechanical systems inc.

ADVANCE MECHANICAL SYSTEMS INC.

Date Approved

02/16/2021

SBA Office Code

0507

Processing Method

PPS

Borrower Name

ADVANCE MECHANICAL SYSTEMS INC.

Borrower Address

425 E Algonquin Rd

Borrower City

Arlington Heights

Borrower State

IL

Borrower Zip

60005-4620

Loan Status Date

01/31/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

2000000.00

Current Approval Amount

2000000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

116998

Servicing Lender Name

CIBC Bank USA

Servicing Lender Address

120 S LaSalle St

Servicing Lender City

CHICAGO

Servicing Lender State

IL

Servicing Lender Zip

60603-3403

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Arlington Heights

Project County Name

COOK

Project State

IL

Project Zip

60005-4620

CD

IL-08

Jobs Reported

227

NAICS Code

238220

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

1999996.00

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

116998

Originating Lender

CIBC Bank USA

Originating Lender City

CHICAGO

Originating Lender State

IL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2012109.59

Forgiveness Date

10/04/2021

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