ADVANTIX DEVELOPMENT CORPORATION (IN) - 2020 PPP Loan Borrower Profile (# 5048127302)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADVANTIX DEVELOPMENT CORPORATION. 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

5048127302

SBA Office Code

0562

Processing Method

PPP

Curent Loan Amount

$151,572

Date Loan was Approved

Apr 30, 2020

Amount Forgiven

$153,137.55

Date Loan was Forgiven

May 13, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

151,572

Lender

German American Bank

Business Detail

Business Type

Non-Profit Organization

NAICS

531110

Borrower Location

EVANSVILLE, IN

Project Location

EVANSVILLE, IN

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.