# PPP loan: ADVANCED MATERIAL SYSTEMS CORP
> **$209K** approved 04/27/2020 · Paid in Full · Loan `6106167209`
## Borrower
- **Name:** ADVANCED MATERIAL SYSTEMS CORP
- **Address:** 3460 Mallory Depot Drive, MEMPHIS, TN, 38122-2223
- **NAICS:** 326199
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $209K
- **Initial approval:** $209K
- **Forgiven:** $210K (101%)
- **Forgiveness date:** 11/27/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $139K
- **Utilities:** $64K
- **Health care:** $5K
- **Jobs reported:** 29
## Lender
- **Originating:** Community Bank of Mississippi
- **Servicing:** Community Bank of Mississippi (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*