ADVANCED MACHINERY CONCEPTS, INC (OH) - 2020 PPP Loan Borrower Profile (# 7366917003)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADVANCED MACHINERY CONCEPTS, 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 Ohio.

Loan Detail

Loan Number

7366917003

SBA Office Code

0593

Processing Method

PPP

Curent Loan Amount

$153,410

Date Loan was Approved

Apr 7, 2020

Amount Forgiven

$154,221.18

Date Loan was Forgiven

Nov 3, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

2,500

Payroll Proced

140,000

Rent Proceed

1,110

Health Care Proceed

8,500

Debt Interest Proceed

1,300

Lender

The Park National Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

423830

Borrower Location

DAYTON, OH

Project Location

DAYTON, OH

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.