ADVANCE MACHINE TECHNOLOGIES LLC (IA) - 2020 PPP Loan Borrower Profile (# 9812997005)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADVANCE MACHINE TECHNOLOGIES LLC. 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 Iowa.

Loan Detail

Loan Number

9812997005

SBA Office Code

0761

Processing Method

PPP

Curent Loan Amount

$390,900

Date Loan was Approved

Apr 9, 2020

Amount Forgiven

$394,798.14

Date Loan was Forgiven

Apr 19, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

6,000

Payroll Proced

354,900

Rent Proceed

30,000

Lender

Simmons Bank

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

332322

Borrower Location

JOHNSTON, IA

Project Location

JOHNSTON, IA

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Unanswered

Data Source: SBA.