ADVANCED BUSINESS CONCEPTS INCORPORATED (NC) - 2020 PPP Loan Borrower Profile (# 6935537308)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADVANCED BUSINESS CONCEPTS INCORPORATED. 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 North Carolina.

Loan Detail

Loan Number

6935537308

SBA Office Code

0460

Processing Method

PPP

Curent Loan Amount

$120,000

Date Loan was Approved

Apr 30, 2020

Amount Forgiven

$121,206.67

Date Loan was Forgiven

May 11, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

120,000

Lender

First Horizon Bank

Business Detail

Business Type

Corporation

NAICS

621610

Borrower Location

MORGANTON, NC

Project Location

MORGANTON, NC

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

132

Business Age Description

Existing or more than 2 years old

Data Source: SBA.