ADC, INC. (MI) - 2020 PPP Loan Borrower Profile (# 2715817309)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADC, 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 Michigan.

Loan Detail

Loan Number

2715817309

SBA Office Code

0515

Processing Method

PPP

Curent Loan Amount

$223,800

Date Loan was Approved

Apr 29, 2020

Amount Forgiven

$225,503.37

Date Loan was Forgiven

Feb 10, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

179,098

Mortgage Interest Proceed

44,702

Lender

Comerica Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

238910

Borrower Location

Detroit, MI

Project Location

Detroit, MI

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.