ADVANCE BAG AND PACKAGING COMPANY (MI) - 2020 PPP Loan Borrower Profile (# 2652607307)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADVANCE BAG AND PACKAGING COMPANY. 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

2652607307

SBA Office Code

0515

Processing Method

PPP

Curent Loan Amount

$405,700

Date Loan was Approved

Apr 29, 2020

Amount Forgiven

$408,573.71

Date Loan was Forgiven

Jan 12, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

324,636

Mortgage Interest Proceed

81,064

Lender

Comerica Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

424990

Borrower Location

Waterford, MI

Project Location

Waterford, MI

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.