ADVANCED ABRASIVES CORPORATION (NJ) - 2020 PPP Loan Borrower Profile (# 9762718304)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADVANCED ABRASIVES CORPORATION. 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 New Jersey.

Loan Detail

Loan Number

9762718304

SBA Office Code

0299

Processing Method

PPS

Curent Loan Amount

$195,435

Date Loan was Approved

Jan 31, 2021

Amount Forgiven

$196,489.81

Date Loan was Forgiven

Aug 18, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

195,433

Lender

Bank of America, National Association

Business Detail

Business Type

Corporation

NAICS

327910

Borrower Location

Pennsauken, NJ

Project Location

Pennsauken, NJ

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.