ADVANCE NOVELTY CO (MI) - 2020 PPP Loan Borrower Profile (# 3712017206)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADVANCE NOVELTY CO. 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

3712017206

SBA Office Code

0515

Processing Method

PPP

Curent Loan Amount

$192,500

Date Loan was Approved

Apr 27, 2020

Amount Forgiven

$193,496.78

Date Loan was Forgiven

Nov 3, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

192,500

Lender

Chelsea State Bank

Business Detail

Business Type

Corporation

NAICS

532289

Borrower Location

LIVONIA, MI

Project Location

LIVONIA, MI

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.