Advanced Tooling Systems INC

$1,526,418 PPP Loan in Comstock Park, Michigan

Loan Details

Loan Number
8307997010
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$1,526,418
Current Approval
$1,526,418
Forgiveness Amount
$1,546,241
Forgiveness Date
Aug 3, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Advanced Tooling Systems INC
Address
1166 Seven Mile Rd.
ZIP Code
49321-9727
Business Type
Corporation
Industry (NAICS)
Manufacturing (333514)
Business Age
Existing or more than 2 years old
Jobs Reported
88
Estimated Revenue
$23.0M
Rural/Urban
Urban
Congressional District
MI-03

Loan Use Breakdown

Payroll
$1,046,390
Rent
$236,825
Utilities
$45,267
Health Care
$174,744
Debt Interest
$23,192

Lender Information

Servicing Lender
Mercantile Bank
Originating Lender
Mercantile Bank

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