PPP Loan information for Advance mechanical systems, inc.

$7,500,000

Advance mechanical systems, inc. was initially approved for PPP Loan of amount $7,500,000, the current approved amount is $7,500,000. The loan was approved on 04/07/2020 by The CIBC Bank USA reported 420 jobs and $7,500,000 was used to fund payroll.

Advance mechanical systems, inc. is Existing or more than 2 years old

PPP Loan Search / IL / ARLINGTON HEIGHTS / Advance mechanical systems, inc.

ADVANCE MECHANICAL SYSTEMS, INC.

Date Approved

04/07/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

ADVANCE MECHANICAL SYSTEMS, INC.

Borrower Address

425 E. ALGONQUIN RD

Borrower City

ARLINGTON HEIGHTS

Borrower State

IL

Borrower Zip

60005-4620

Loan Status Date

07/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

7500000.00

Current Approval Amount

7500000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

116998

Servicing Lender Name

CIBC Bank USA

Servicing Lender Address

120 S LaSalle St

Servicing Lender City

CHICAGO

Servicing Lender State

IL

Servicing Lender Zip

60603-3403

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

ARLINGTON HEIGHTS

Project County Name

COOK

Project State

IL

Project Zip

60005-4620

CD

IL-08

Jobs Reported

420

NAICS Code

238220

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

7500000.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

116998

Originating Lender

CIBC Bank USA

Originating Lender City

CHICAGO

Originating Lender State

IL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

7585068.49

Forgiveness Date

06/02/2021

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