ADVANCED SYSTEMS AND CONTROLS, INC. (MI) - 2020 PPP Loan Borrower Profile (# 1894697201)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADVANCED SYSTEMS AND CONTROLS, 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

1894697201

SBA Office Code

0515

Processing Method

PPP

Curent Loan Amount

$632,435

Date Loan was Approved

Apr 15, 2020

Amount Forgiven

$638,426.27

Date Loan was Forgiven

Mar 31, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

20,000

Payroll Proced

500,000

Mortgage Interest Proceed

Rent Proceed

26,000

Refinance EIDL Proceed

Health Care Proceed

50,435

Debt Interest Proceed

36,000

Lender

JPMorgan Chase Bank, National Association

Business Detail

Business Type

Corporation

NAICS

333249

Borrower Location

MACOMB, MI

Project Location

MACOMB, MI

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.