ADVANCED INDUSTRIES, INC. (MO) - 2020 PPP Loan Borrower Profile (# 5294207101)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADVANCED 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 Missouri.

Loan Detail

Loan Number

5294207101

SBA Office Code

0709

Processing Method

PPP

Curent Loan Amount

$1,187,155

Date Loan was Approved

Apr 13, 2020

Amount Forgiven

$1,194,838.53

Date Loan was Forgiven

Dec 10, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

71,786

Payroll Proced

949,724

Mortgage Interest Proceed

115,200

Rent Proceed

50,445

Lender

Southern Bank

Business Detail

Business Type

Corporation

NAICS

332999

Borrower Location

ODESSA, MO

Project Location

ODESSA, MO

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

129

Business Age Description

Existing or more than 2 years old

Data Source: SBA.