Advanta Industries INC

$368,400 PPP Loan in Petersburg, Michigan

Loan Details

Loan Number
5324717005
Date Approved
Apr 5, 2020
Loan Status
Paid in Full
Initial Approval
$368,400
Current Approval
$368,400
Forgiveness Amount
$371,143
Forgiveness Date
Jan 7, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Advanta Industries INC
Address
15777 Ida West Rd
ZIP Code
49270-9595
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (339999)
Business Age
Existing or more than 2 years old
Jobs Reported
26
Estimated Revenue
$7.3M
Rural/Urban
Rural
Congressional District
MI-05

Loan Use Breakdown

Payroll
$293,400
Rent
$30,000
Utilities
$45,000

Lender Information

Servicing Lender
Waterford Bank, National Association
Originating Lender
Waterford Bank, National Association

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