ADVISORS CAPITAL INC (MI) - 2020 PPP Loan Borrower Profile (# 6448497007)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADVISORS CAPITAL 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

6448497007

SBA Office Code

0515

Processing Method

PPP

Curent Loan Amount

$271,966

Date Loan was Approved

Apr 6, 2020

Amount Forgiven

Date Loan was Forgiven

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

203,975

Mortgage Interest Proceed

67,991

Lender

Hinsdale Bank & Trust Company, National Association

Business Detail

Business Type

Corporation

NAICS

522292

Borrower Location

NOVI, MI

Project Location

NOVI, MI

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.