PPP Loan information for Advanced tooling systems inc

$1,526,418

Advanced tooling systems inc was initially approved for PPP Loan of amount $1,526,418, the current approved amount is $1,526,418. The loan was approved on 04/08/2020 by The Mercantile Bank reported 88 jobs and $1,526,418 was used to fund payroll.

Advanced tooling systems inc is Existing or more than 2 years old

PPP Loan Search / MI / COMSTOCK PARK / Advanced tooling systems inc

ADVANCED TOOLING SYSTEMS INC

Date Approved

04/08/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

ADVANCED TOOLING SYSTEMS INC

Borrower Address

1166 Seven Mile Rd.

Borrower City

COMSTOCK PARK

Borrower State

MI

Borrower Zip

49321-9727

Loan Status Date

09/15/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1526418.00

Current Approval Amount

1526418.00

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

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

COMSTOCK PARK

Project County Name

KENT

Project State

MI

Project Zip

49321-9727

CD

MI-03

Jobs Reported

88

NAICS Code

333514

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

45267.00

Payroll Proceed

1046390.00

Mortgage Interest Proceed

0.00

Rent Proceed

236825.00

Refinance EIDL Proceed

0.00

Health Care Proceed

174744.00

Debt Interest Proceed

23192

Business Type

Corporation

Originating Lender Location Id

122287

Originating Lender

Mercantile Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1546240.52

Forgiveness Date

08/03/2021

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