ADVANCED COMMUNICATIONS TECHNOLOGIES INC (RI) - 2020 PPP Loan Borrower Profile (# 1237957109)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADVANCED COMMUNICATIONS 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 Rhode Island.

Loan Detail

Loan Number

1237957109

SBA Office Code

0165

Processing Method

PPP

Curent Loan Amount

$121,000

Date Loan was Approved

Apr 10, 2020

Amount Forgiven

$122,253.69

Date Loan was Forgiven

Apr 29, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

121,000

Lender

Bank Rhode Island

Business Detail

Business Type

Corporation

NAICS

517911

Borrower Location

WAKEFIELD, RI

Project Location

WAKEFIELD, RI

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.