ADVANCED FIBERMOLDING, INC. (MI) - 2020 PPP Loan Borrower Profile (# 3650057102)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADVANCED FIBERMOLDING, 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

3650057102

SBA Office Code

0515

Processing Method

PPP

Curent Loan Amount

$266,800

Date Loan was Approved

Apr 11, 2020

Amount Forgiven

$269,014.81

Date Loan was Forgiven

Feb 18, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

34,000

Payroll Proced

222,300

Mortgage Interest Proceed

10,500

Lender

State Savings Bank

Business Detail

Business Type

Corporation

NAICS

326199

Borrower Location

LEROY, MI

Project Location

LEROY, MI

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.