AMERICAN EQUIPMENT & FABRICATING CORP (RI) - 2020 PPP Loan Borrower Profile (# 5939777106)

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

5939777106

SBA Office Code

0165

Processing Method

PPP

Curent Loan Amount

$465,895

Date Loan was Approved

Apr 14, 2020

Amount Forgiven

$471,511.27

Date Loan was Forgiven

Jul 2, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

465,895

Lender

Webster Bank National Association

Business Detail

Business Type

Corporation

NAICS

811310

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.