Advance Machine Technologies LLC

$390,900 PPP Loan in Johnston, Iowa

Loan Details

Loan Number
9812997005
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$390,900
Current Approval
$390,900
Forgiveness Amount
$394,798
Forgiveness Date
Apr 19, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Advance Machine Technologies LLC
Address
5750 NW Beaver Drive Unit 1
State
Iowa
ZIP Code
50131-4802
Business Type
Limited Liability Company(llc)
Industry (NAICS)
Manufacturing (332322)
Business Age
Unanswered
Jobs Reported
30
Estimated Revenue
$7.3M
Rural/Urban
Urban
Congressional District
IA-03

Loan Use Breakdown

Payroll
$354,900
Rent
$30,000
Utilities
$6,000

Lender Information

Servicing Lender
Simmons Bank
Originating Lender
Simmons Bank

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