# PPP loan: ADVANCE MACHINERY INC DBA ADVANCE CUTTING SYSTEMS
> **$303K** approved 04/21/2021 · Paid in Full · Loan `7308308801`
## Borrower
- **Name:** ADVANCE MACHINERY INC DBA ADVANCE CUTTING SYSTEMS
- **Address:** 112 Hilltop Business Center Dr, Pelham, AL, 35124-1310
- **NAICS:** 423830
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $303K
- **Initial approval:** $303K
- **Forgiven:** $304K (100%)
- **Forgiveness date:** 08/25/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $302K
- **Utilities:** $1
- **Jobs reported:** 22
## Lender
- **Originating:** Millennial Bank
- **Servicing:** Millennial Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*