PPP Loan information for Advanced cutting systems inc.

$297,265

Advanced cutting systems inc. was initially approved for PPP Loan of amount $297,265, the current approved amount is $297,265. The loan was approved on 02/01/2021 by The First Merchants Bank reported 31 jobs and $297,265 was used to fund payroll.

Advanced cutting systems inc. is Existing or more than 2 years old

PPP Loan Search / IN / Fort Wayne / Advanced cutting systems inc.

ADVANCED CUTTING SYSTEMS INC.

Date Approved

02/01/2021

SBA Office Code

0562

Processing Method

PPS

Borrower Name

ADVANCED CUTTING SYSTEMS INC.

Borrower Address

4030 Piper Dr

Borrower City

Fort Wayne

Borrower State

IN

Borrower Zip

46809-3125

Loan Status Date

09/20/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

297265.00

Current Approval Amount

297265.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24037

Servicing Lender Name

First Merchants Bank

Servicing Lender Address

200 E Jackson St

Servicing Lender City

MUNCIE

Servicing Lender State

IN

Servicing Lender Zip

47305-2835

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Fort Wayne

Project County Name

ALLEN

Project State

IN

Project Zip

46809-3125

CD

IN-03

Jobs Reported

31

NAICS Code

811310

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

297263.00

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

Corporation

Originating Lender Location Id

24037

Originating Lender

First Merchants Bank

Originating Lender City

MUNCIE

Originating Lender State

IN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

301785.06

Forgiveness Date

08/18/2022

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