ADVANCE AERO, INC. (IN) - 2020 PPP Loan Borrower Profile (# 1746467200)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADVANCE AERO, INC.. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Indiana.

Loan Detail

Loan Number

1746467200

SBA Office Code

0562

Processing Method

PPP

Curent Loan Amount

$291,700

Date Loan was Approved

Apr 15, 2020

Amount Forgiven

$294,090.32

Date Loan was Forgiven

Feb 11, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

281,700

Refinance EIDL Proceed

10,000

Lender

Citizens Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

332710

Borrower Location

MOORESVILLE, IN

Project Location

MOORESVILLE, IN

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.