ADVANCE ELECTRICAL CORPORATION (RI) - 2020 PPP Loan Borrower Profile (# 5554118309)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADVANCE ELECTRICAL CORPORATION. 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 Rhode Island.

Loan Detail

Loan Number

5554118309

SBA Office Code

0165

Processing Method

PPS

Curent Loan Amount

$397,465

Date Loan was Approved

Jan 25, 2021

Amount Forgiven

$400,324.54

Date Loan was Forgiven

Oct 25, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Payroll Proced

397,465

Lender

Bristol County Savings Bank

Business Detail

Business Type

Corporation

NAICS

238210

Borrower Location

Smithfield, RI

Project Location

Smithfield, RI

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.