PPP Loan information for Advanced cutting systems, inc.

$307,200

Advanced cutting systems, inc. was initially approved for PPP Loan of amount $307,200, the current approved amount is $307,200. The loan was approved on 04/14/2020 by The First Merchants Bank reported 32 jobs and $307,200 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

04/14/2020

SBA Office Code

0562

Processing Method

PPP

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

05/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

307200.00

Current Approval Amount

307200.00

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

32

NAICS Code

332710

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

307200.00

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

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

309943.76

Forgiveness Date

03/15/2021

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