# PPP loan: ADVANCE MACHINE TECHNOLOGIES LLC
> **$391K** approved 04/09/2020 · Paid in Full · Loan `9812997005`
## Borrower
- **Name:** ADVANCE MACHINE TECHNOLOGIES LLC
- **Address:** 5750 NW Beaver Drive Unit 1, JOHNSTON, IA, 50131-4802
- **NAICS:** 332322
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Unanswered
## Loan
- **Approval amount:** $391K
- **Initial approval:** $391K
- **Forgiven:** $395K (101%)
- **Forgiveness date:** 04/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $355K
- **Rent:** $30K
- **Utilities:** $6K
- **Jobs reported:** 30
## Lender
- **Originating:** Simmons Bank
- **Servicing:** Simmons Bank (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*