Advance Corporation

$609,420 PPP Loan in Cottage Grove, Minnesota

Loan Details

Loan Number
6910597003
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$609,420
Current Approval
$609,420
Forgiveness Amount
$613,551
Forgiveness Date
Dec 16, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Advance Corporation
Address
8200 97th St
ZIP Code
55016-4342
Business Type
Corporation
Industry (NAICS)
Manufacturing (339950)
Business Age
Existing or more than 2 years old
Jobs Reported
70
Estimated Revenue
$19.5M
Rural/Urban
Urban
Congressional District
MN-02

Loan Use Breakdown

Payroll
$550,670
Rent
$31,566
Utilities
$20,534
Mortgage Interest
$6,650

Lender Information

Servicing Lender
Scale Bank
Originating Lender
Scale Bank

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