ADVANTAGE BENEFITS GROUP, INC. (MI) - 2020 PPP Loan Borrower Profile (# 8708587006)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADVANTAGE BENEFITS GROUP, 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

8708587006

SBA Office Code

0515

Processing Method

PPP

Curent Loan Amount

$504,962

Date Loan was Approved

Apr 8, 2020

Amount Forgiven

$507,977.94

Date Loan was Forgiven

Nov 19, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

6,000

Payroll Proced

446,962

Rent Proceed

24,000

Health Care Proceed

28,000

Lender

Mercantile Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

524210

Borrower Location

GRAND RAPIDS, MI

Project Location

GRAND RAPIDS, MI

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.