PPP Loan information for Advance design & systems, llc

$696,325

Advance design & systems, llc was initially approved for PPP Loan of amount $696,325, the current approved amount is $696,325. The loan was approved on 04/13/2020 by The Frandsen Bank & Trust reported 46 jobs and $696,325 was used to fund payroll.

Advance design & systems, llc is Existing or more than 2 years old

PPP Loan Search / MN / PINE CITY / Advance design & systems, llc

ADVANCE DESIGN & SYSTEMS, LLC

Date Approved

04/13/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

ADVANCE DESIGN & SYSTEMS, LLC

Borrower Address

325 AIRPORT ROAD NE

Borrower City

PINE CITY

Borrower State

MN

Borrower Zip

55063-1481

Loan Status Date

03/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

696325.00

Current Approval Amount

696325.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38689

Servicing Lender Name

Frandsen Bank & Trust

Servicing Lender Address

116 W Central St

Servicing Lender City

LONSDALE

Servicing Lender State

MN

Servicing Lender Zip

55046-9626

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

PINE CITY

Project County Name

PINE

Project State

MN

Project Zip

55063-1481

CD

MN-08

Jobs Reported

46

NAICS Code

541420

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

696325.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Limited Liability Company(LLC)

Originating Lender Location Id

38689

Originating Lender

Frandsen Bank & Trust

Originating Lender City

LONSDALE

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

702048.22

Forgiveness Date

02/18/2021

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