ADVANTAGE COATING INC (MN) - 2020 PPP Loan Borrower Profile (# 7510837009)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADVANTAGE COATING 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 Minnesota.

Loan Detail

Loan Number

7510837009

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$243,800

Date Loan was Approved

Apr 7, 2020

Amount Forgiven

$245,208.62

Date Loan was Forgiven

Nov 3, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

9,752

Payroll Proced

195,040

Mortgage Interest Proceed

9,752

Rent Proceed

9,752

Health Care Proceed

9,752

Debt Interest Proceed

9,752

Lender

Americana Community Bank

Business Detail

Business Type

Corporation

NAICS

531390

Borrower Location

CHASKA, MN

Project Location

CHASKA, MN

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.