ADVANCED ELEVATOR COMPANY INC (MI) - 2020 PPP Loan Borrower Profile (# 8263558403)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADVANCED ELEVATOR COMPANY 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

8263558403

SBA Office Code

0515

Processing Method

PPS

Curent Loan Amount

$111,587

Date Loan was Approved

Feb 13, 2021

Amount Forgiven

$112,109.78

Date Loan was Forgiven

Aug 9, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Payroll Proced

111,586

Lender

The Huntington National Bank

Business Detail

Business Type

Corporation

NAICS

811490

Borrower Location

Owosso, MI

Project Location

Owosso, MI

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.