ADVANCED AUTOMATION GROUP, LLC (MI) - 2020 PPP Loan Borrower Profile (# 8600757301)
Updated on April 18, 2025.
See below the business details and the detail of the 2020 PPP loan given to ADVANCED AUTOMATION GROUP, LLC. 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
8600757301
SBA Office Code
0515
Processing Method
PPP
Curent Loan Amount
$72,500
Date Loan was Approved
May 1, 2020
Amount Forgiven
$72,987.48
Date Loan was Forgiven
Jan 7, 2021
Loan Status
Paid in Full
Loan Term
24 Months
Utilities Proced
2,000
Payroll Proced
58,000
Mortgage Interest Proceed
0
Rent Proceed
12,500
Refinance EIDL Proceed
0
Health Care Proceed
0
Debt Interest Proceed
0
Lender
JPMorgan Chase Bank, National Association
Business Detail
Business Type
Limited Liability Company(LLC)
NAICS
336320
Borrower Location
MADISON HEIGHTS, MI
Project Location
MADISON HEIGHTS, MI
Rural/Urban
Urban
Hubzone
No
Labor Market Information (LMI)
No
Jobs Reported
5
Business Age Description
Existing or more than 2 years old
Data Source: SBA.
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