ADVANCED FARM EQUIPMENT LLC (MI) - 2020 PPP Loan Borrower Profile (# 9020388400)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADVANCED FARM EQUIPMENT 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

9020388400

SBA Office Code

0515

Processing Method

PPS

Curent Loan Amount

$289,575

Date Loan was Approved

Feb 14, 2021

Amount Forgiven

$291,344.18

Date Loan was Forgiven

Sep 29, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

289,573

Lender

Mercantile Bank

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

333111

Borrower Location

Vestaburg, MI

Project Location

Vestaburg, 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.