ADVANCED MARINE INC (MI) - 2020 PPP Loan Borrower Profile (# 8535607305)

Updated on April 18, 2025.

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

8535607305

SBA Office Code

0515

Processing Method

PPP

Curent Loan Amount

$16,037

Date Loan was Approved

May 1, 2020

Amount Forgiven

$16,147.03

Date Loan was Forgiven

Jan 7, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

16,037

Lender

WebBank

Business Detail

Business Type

Corporation

NAICS

713930

Borrower Location

interlochen, MI

Project Location

interlochen, 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.