PPP Loan information for Advanced composites inc

$953,700

Advanced composites inc was initially approved for PPP Loan of amount $953,700, the current approved amount is $953,700. The loan was approved on 04/13/2020 by The Zions Bank, A Division of reported 83 jobs and $953,700 was used to fund payroll.

Advanced composites inc is Existing or more than 2 years old

PPP Loan Search / UT / WEST VALLEY CITY / Advanced composites inc

ADVANCED COMPOSITES INC

Date Approved

04/13/2020

SBA Office Code

0883

Processing Method

PPP

Borrower Name

ADVANCED COMPOSITES INC

Borrower Address

2575 SOUTH 3270 WEST

Borrower City

WEST VALLEY CITY

Borrower State

UT

Borrower Zip

84119-1142

Loan Status Date

12/18/2020

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

953700.00

Current Approval Amount

953700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

72601

Servicing Lender Name

Zions Bank, A Division of

Servicing Lender Address

1 S Main St

Servicing Lender City

SALT LAKE CITY

Servicing Lender State

UT

Servicing Lender Zip

84133-1109

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

WEST VALLEY CITY

Project County Name

SALT LAKE

Project State

UT

Project Zip

84119-1142

CD

UT-02

Jobs Reported

83

NAICS Code

326122

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

953700.00

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

72601

Originating Lender

Zions Bank, A Division of

Originating Lender City

SALT LAKE CITY

Originating Lender State

UT

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

959291.56

Forgiveness Date

11/23/2020

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