ADVANTAGE MACHINERY SERVICES, INC. (NC) - 2020 PPP Loan Borrower Profile (# 7134697010)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADVANTAGE MACHINERY SERVICES, 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

7134697010

SBA Office Code

0460

Processing Method

PPP

Curent Loan Amount

$1,003,732

Date Loan was Approved

Apr 7, 2020

Amount Forgiven

$1,014,299.07

Date Loan was Forgiven

May 6, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

14,366

Payroll Proced

800,000

Mortgage Interest Proceed

4,366

Health Care Proceed

175,000

Debt Interest Proceed

10,000

Lender

First Horizon Bank

Business Detail

Business Type

Corporation

NAICS

811310

Borrower Location

YADKINVILLE, NC

Project Location

YADKINVILLE, NC

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.