ADVANTAGE ELECTRIC SERVICES, L.L.C. (MI) - 2020 PPP Loan Borrower Profile (# 1650607701)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADVANTAGE ELECTRIC SERVICES, L.L.C.. 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

1650607701

SBA Office Code

0515

Processing Method

PPP

Curent Loan Amount

$572,417

Date Loan was Approved

May 1, 2020

Amount Forgiven

$579,584.93

Date Loan was Forgiven

Aug 5, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

6,688.11

Payroll Proced

431,503.61

Rent Proceed

9,000

Health Care Proceed

125,225.28

Lender

JPMorgan Chase Bank, National Association

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

238210

Borrower Location

Traverse City, MI

Project Location

Traverse City, MI

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.