ADVANCED MACHINE & TOOL CORP (IN) - 2020 PPP Loan Borrower Profile (# 3400608704)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADVANCED MACHINE & TOOL CORP. 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

3400608704

SBA Office Code

0562

Processing Method

PPS

Curent Loan Amount

$1,489,000

Date Loan was Approved

Mar 31, 2021

Amount Forgiven

$1,509,928.72

Date Loan was Forgiven

Aug 25, 2022

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

1,488,997

Lender

PNC Bank, National Association

Business Detail

Business Type

Corporation

NAICS

333999

Borrower Location

Fort Wayne, IN

Project Location

Fort Wayne, IN

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.