ADVANCED CONTRACTING & ELECTRICAL SERVICES (MI) - 2020 PPP Loan Borrower Profile (# 1082287103)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADVANCED CONTRACTING & ELECTRICAL SERVICES. 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

1082287103

SBA Office Code

0515

Processing Method

PPP

Curent Loan Amount

$244,200

Date Loan was Approved

Apr 9, 2020

Amount Forgiven

$245,997.58

Date Loan was Forgiven

Jan 7, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

1,500

Payroll Proced

235,200

Rent Proceed

7,000

Debt Interest Proceed

500

Lender

ELGA CU

Business Detail

Business Type

Subchapter S Corporation

NAICS

238210

Borrower Location

FLINT, MI

Project Location

FLINT, MI

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.