ADVANCE MACHINE & ENGINEERING

Summary of PPP (Paycheck Protection Program) Loan approved to ADVANCE MACHINE & ENGINEERING by Illinois Bank & Trust. The loan was approved on 4/11/2020 in the range of $1-2 million.

Business Information

Name:	ADVANCE MACHINE & ENGINEERING 2500 LATHAM ST ROCKFORD, IL 61103
Business type:	Corporation Machinery Manufacturing → Cutting Tool and Machine Tool Accessory Manufacturing
Non-profit:	No
Loan amount:	$1-2 million (50 Jobs retained)
Date approved:	April 11, 2020
Lender	Illinois Bank & Trust

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Note: Only loans exceeding $150,000 are displayed here. Businesses receiving PPP loans less than $150,000 are excluded. Additionally, borrowers that received PPP loans but have since return it, are also excluded.

The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $659 billion toward job retention and certain other expenses. Read more information about the Paycheck Protection Program or the CARES Act.