# PPP loan: ADVANCED CNC SYSTEMS, INC.
> **$348K** approved 01/16/2021 · Paid in Full · Loan `1041768301`
## Borrower
- **Name:** ADVANCED CNC SYSTEMS, INC.
- **Address:** 14312 Chambers Rd, Tustin, CA, 92780-6912
- **NAICS:** 423830
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $348K
- **Initial approval:** $348K
- **Forgiven:** $352K (101%)
- **Forgiveness date:** 12/23/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $348K
- **Utilities:** $1
- **Jobs reported:** 19
## Lender
- **Originating:** Cathay Bank
- **Servicing:** Cathay Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*