# PPP loan: ADVANTAGE MACHINERY SERVICES, INC.
> **$1.00M** approved 04/07/2020 · Paid in Full · Loan `7134697010`
## Borrower
- **Name:** ADVANTAGE MACHINERY SERVICES, INC.
- **Address:** 1407 US 601 HWY S, YADKINVILLE, NC, 27055-6358
- **NAICS:** 811310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.00M
- **Initial approval:** $1.00M
- **Forgiven:** $1.01M (101%)
- **Forgiveness date:** 05/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $800K
- **Mortgage interest:** $4K
- **Utilities:** $14K
- **Health care:** $175K
- **Debt interest:** $10K
- **Jobs reported:** 86
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*