ADVANCE REPAIR & MACHINING INC (IN) - 2020 PPP Loan Borrower Profile (# 9510737002)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADVANCE REPAIR & MACHINING INC. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Indiana.

Loan Detail

Loan Number

9510737002

SBA Office Code

0562

Processing Method

PPP

Curent Loan Amount

$99,955.96

Date Loan was Approved

Apr 9, 2020

Amount Forgiven

$100,585.82

Date Loan was Forgiven

Dec 4, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

3,852.66

Payroll Proced

84,865.06

Rent Proceed

10,000

Debt Interest Proceed

1,238.24

Lender

Purdue FCU

Business Detail

Business Type

Corporation

NAICS

332710

Borrower Location

LAFAYETTE, IN

Project Location

LAFAYETTE, IN

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.