ADVANCED MECHATRONICS (MI) - 2020 PPP Loan Borrower Profile (# 6972197007)

Updated on April 18, 2025.

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

6972197007

SBA Office Code

0515

Processing Method

PPP

Curent Loan Amount

$321,700

Date Loan was Approved

Apr 7, 2020

Amount Forgiven

$324,326.48

Date Loan was Forgiven

Feb 17, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

321,700

Lender

The Huntington National Bank

Business Detail

Business Type

Corporation

NAICS

541330

Borrower Location

NORTON SHORES, MI

Project Location

NORTON SHORES, MI

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.