ADVANTA INDUSTRIES INC (MI) - 2020 PPP Loan Borrower Profile (# 5324717005)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADVANTA INDUSTRIES 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

5324717005

SBA Office Code

0515

Processing Method

PPP

Curent Loan Amount

$368,400

Date Loan was Approved

Apr 5, 2020

Amount Forgiven

$371,142.53

Date Loan was Forgiven

Jan 7, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

45,000

Payroll Proced

293,400

Rent Proceed

30,000

Lender

Waterford Bank, National Association

Business Detail

Business Type

Subchapter S Corporation

NAICS

339999

Borrower Location

PETERSBURG, MI

Project Location

PETERSBURG, MI

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.