ADVANCED CUTTING TECHNOLOGIES INC (NC) - 2020 PPP Loan Borrower Profile (# 7198328402)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADVANCED CUTTING TECHNOLOGIES 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 North Carolina.

Loan Detail

Loan Number

7198328402

SBA Office Code

0460

Processing Method

PPS

Curent Loan Amount

$46,000

Date Loan was Approved

Feb 11, 2021

Amount Forgiven

$46,375.67

Date Loan was Forgiven

Dec 9, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

45,998

Lender

PNC Bank, National Association

Business Detail

Business Type

Subchapter S Corporation

NAICS

333519

Borrower Location

Maxton, NC

Project Location

Maxton, NC

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.