ADVANCED MECHANICAL CORP (NJ) - 2020 PPP Loan Borrower Profile (# 1436307704)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADVANCED MECHANICAL CORP. 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

1436307704

SBA Office Code

0299

Processing Method

PPP

Curent Loan Amount

$473,225

Date Loan was Approved

May 1, 2020

Amount Forgiven

$478,171.78

Date Loan was Forgiven

May 21, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

432,739

Rent Proceed

33,000

Health Care Proceed

7,486

Lender

JPMorgan Chase Bank, National Association

Business Detail

Business Type

Subchapter S Corporation

NAICS

541330

Borrower Location

PASSAIC, NJ

Project Location

PASSAIC, NJ

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.