AERIAL MACHINE & TOOL CORPORATION (VA) - 2020 PPP Loan Borrower Profile (# 7950457104)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AERIAL MACHINE & TOOL 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 Virginia.

Loan Detail

Loan Number

7950457104

SBA Office Code

0304

Processing Method

PPP

Curent Loan Amount

$1,925,455

Date Loan was Approved

Apr 14, 2020

Amount Forgiven

$1,946,397.62

Date Loan was Forgiven

May 21, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

10,000

Payroll Proced

1,780,455

Mortgage Interest Proceed

Rent Proceed

10,000

Refinance EIDL Proceed

Health Care Proceed

125,000

Debt Interest Proceed

Lender

Manufacturers and Traders Trust Company

Business Detail

Business Type

Corporation

NAICS

336413

Borrower Location

Meadows of Dan, VA

Project Location

Meadows of Dan, VA

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

200

Business Age Description

Existing or more than 2 years old

Data Source: SBA.