ADVANCED AUTO ELECTRIC (MA) - 2020 PPP Loan Borrower Profile (# 7284737200)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADVANCED AUTO ELECTRIC. 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 Massachusetts.

Loan Detail

Loan Number

7284737200

SBA Office Code

0101

Processing Method

PPP

Curent Loan Amount

$50,000

Date Loan was Approved

Apr 28, 2020

Amount Forgiven

$50,466.67

Date Loan was Forgiven

Apr 6, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

3,500

Payroll Proced

37,000

Rent Proceed

6,500

Health Care Proceed

3,000

Lender

Enterprise Bank and Trust Company

Business Detail

Business Type

Partnership

NAICS

811111

Borrower Location

DRACUT, MA

Project Location

DRACUT, MA

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.