PPP Loan information for Advance machine corporation

$43,088

Advance machine corporation was initially approved for PPP Loan of amount $43,088, the current approved amount is $43,088. The loan was approved on 04/10/2020 by The Mercantile Bank reported 7 jobs and $43,088 was used to fund payroll.

Advance machine corporation is Existing or more than 2 years old

PPP Loan Search / MI / TAWAS CITY / Advance machine corporation

ADVANCE MACHINE CORPORATION

Date Approved

04/10/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

ADVANCE MACHINE CORPORATION

Borrower Address

612 9TH AVE

Borrower City

TAWAS CITY

Borrower State

MI

Borrower Zip

48763-9532

Loan Status Date

01/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

43087.50

Current Approval Amount

43087.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

122287

Servicing Lender Name

Mercantile Bank

Servicing Lender Address

310 Leonard St NW

Servicing Lender City

GRAND RAPIDS

Servicing Lender State

MI

Servicing Lender Zip

49504-4224

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

TAWAS CITY

Project County Name

IOSCO

Project State

MI

Project Zip

48763-9532

CD

MI-01

Jobs Reported

7

NAICS Code

332710

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

3218.00

Payroll Proceed

29093.50

Mortgage Interest Proceed

588.00

Rent Proceed

7000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

3188.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

122287

Originating Lender

Mercantile Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

43366.09

Forgiveness Date

12/08/2020

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