AMERICAN EQUIPMENT & FABRICATING CORP (RI) - 2020 PPP Loan Borrower Profile (# 4452718404)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AMERICAN EQUIPMENT & FABRICATING CORP. 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

4452718404

SBA Office Code

0165

Processing Method

PPS

Curent Loan Amount

$634,843

Date Loan was Approved

Feb 6, 2021

Amount Forgiven

$643,696.02

Date Loan was Forgiven

Jul 6, 2022

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

634,841

Lender

Webster Bank National Association

Business Detail

Business Type

Corporation

NAICS

532490

Borrower Location

East Providence, RI

Project Location

East Providence, RI

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.