ADVANCE CNC MACHINE SHOP INC (LA) - 2020 PPP Loan Borrower Profile (# 7551377107)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADVANCE CNC MACHINE SHOP 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 Louisiana.

Loan Detail

Loan Number

7551377107

SBA Office Code

0679

Processing Method

PPP

Curent Loan Amount

$143,129.65

Date Loan was Approved

Apr 14, 2020

Amount Forgiven

$122,825.56

Date Loan was Forgiven

Jul 15, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

10,000

Payroll Proced

105,629.65

Mortgage Interest Proceed

15,000

Rent Proceed

7,500

Health Care Proceed

5,000

Lender

Community First Bank

Business Detail

Business Type

Corporation

NAICS

332710

Borrower Location

SAINT MARTINVILLE, LA

Project Location

SAINT MARTINVILLE, LA

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.