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 01/23/2021 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

01/23/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

ADVANCE MACHINE CORPORATION

Borrower Address

612 9th Ave

Borrower City

Tawas City

Borrower State

MI

Borrower Zip

48763-9532

Loan Status Date

12/09/2021

Loan Status

Paid in Full

Term

60

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

1.00

Payroll Proceed

43085.50

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

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

43418.03

Forgiveness Date

11/02/2021

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