# PPP loan: ADVANCE MECHANICAL SYSTEMS, INC.
> **$7.50M** approved 04/07/2020 · Paid in Full · Loan `6639667002`
## Borrower
- **Name:** ADVANCE MECHANICAL SYSTEMS, INC.
- **Address:** 425 E. ALGONQUIN RD, ARLINGTON HEIGHTS, IL, 60005-4620
- **NAICS:** 238220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $7.50M
- **Initial approval:** $7.50M
- **Forgiven:** $7.59M (101%)
- **Forgiveness date:** 06/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $7.50M
- **Jobs reported:** 420
## Lender
- **Originating:** CIBC Bank USA
- **Servicing:** CIBC Bank USA (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*