ADVANCED ROOFING SYSTEMS INCDBA ADVANCED COMMERCIAL ROOFING (IN) - 2020 PPP Loan Borrower Profile (# 3737167702)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADVANCED ROOFING SYSTEMS INCDBA ADVANCED COMMERCIAL ROOFING. 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

3737167702

SBA Office Code

0562

Processing Method

PPP

Curent Loan Amount

$864,800

Date Loan was Approved

May 1, 2020

Amount Forgiven

$877,159.43

Date Loan was Forgiven

Oct 12, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

9,595

Payroll Proced

753,944

Rent Proceed

35,761

Health Care Proceed

65,500

Lender

JPMorgan Chase Bank, National Association

Business Detail

Business Type

Corporation

NAICS

Borrower Location

MUNCIE, IN

Project Location

MUNCIE, IN

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

500

Business Age Description

Existing or more than 2 years old

Data Source: SBA.