ADVANCED TOOLING SYSTEMS INC (MI) - 2020 PPP Loan Borrower Profile (# 8307997010)

Updated on April 18, 2025.

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

8307997010

SBA Office Code

0515

Processing Method

PPP

Curent Loan Amount

$1,526,418

Date Loan was Approved

Apr 8, 2020

Amount Forgiven

$1,546,240.52

Date Loan was Forgiven

Aug 3, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

45,267

Payroll Proced

1,046,390

Rent Proceed

236,825

Health Care Proceed

174,744

Debt Interest Proceed

23,192

Lender

Mercantile Bank

Business Detail

Business Type

Corporation

NAICS

333514

Borrower Location

COMSTOCK PARK, MI

Project Location

COMSTOCK PARK, MI

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.