ADVANCED MOLDING TECHNOLOGIES, LLC (MN) - 2020 PPP Loan Borrower Profile (# 5955727004)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADVANCED MOLDING 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 Minnesota.

Loan Detail

Loan Number

5955727004

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$1,835,800

Date Loan was Approved

Apr 6, 2020

Amount Forgiven

$1,846,362.14

Date Loan was Forgiven

Nov 12, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

62,889

Payroll Proced

1,646,807

Rent Proceed

126,104

Lender

First Resource Bank

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

326111

Borrower Location

CIRCLE PINES, MN

Project Location

CIRCLE PINES, MN

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

166

Business Age Description

Existing or more than 2 years old

Data Source: SBA.