ADVANCED MACHINE AND TOOLING INC (VA) - 2020 PPP Loan Borrower Profile (# 5831948702)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADVANCED MACHINE AND TOOLING 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 Virginia.

Loan Detail

Loan Number

5831948702

SBA Office Code

0304

Processing Method

PPS

Curent Loan Amount

$247,297

Date Loan was Approved

Apr 3, 2021

Amount Forgiven

$248,973.12

Date Loan was Forgiven

Dec 9, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

247,295

Lender

TowneBank

Business Detail

Business Type

Subchapter S Corporation

NAICS

332710

Borrower Location

Virginia Beach, VA

Project Location

Virginia Beach, VA

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.