ADVANCED COMPOSITE TECHNOLOGY INC (MI) - 2020 PPP Loan Borrower Profile (# 8939648505)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADVANCED COMPOSITE TECHNOLOGY 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 Michigan.

Loan Detail

Loan Number

8939648505

SBA Office Code

0515

Processing Method

PPS

Curent Loan Amount

$48,247

Date Loan was Approved

Mar 10, 2021

Amount Forgiven

$48,671.31

Date Loan was Forgiven

Jan 28, 2022

Loan Status

Paid in Full

Loan Term

60 Months

Payroll Proced

48,247

Lender

Bank of America, National Association

Business Detail

Business Type

Corporation

NAICS

326199

Borrower Location

Rochester, MI

Project Location

Rochester, MI

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.