PPP Loan information for Advantage benefits group, inc.

$504,962

Advantage benefits group, inc. was initially approved for PPP Loan of amount $504,962, the current approved amount is $504,962. The loan was approved on 04/08/2020 by The Mercantile Bank reported 31 jobs and $504,962 was used to fund payroll.

Advantage benefits group, inc. is Existing or more than 2 years old

PPP Loan Search / MI / GRAND RAPIDS / Advantage benefits group, inc.

ADVANTAGE BENEFITS GROUP, INC.

Date Approved

04/08/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

ADVANTAGE BENEFITS GROUP, INC.

Borrower Address

1 Ionia SW Suite 300

Borrower City

GRAND RAPIDS

Borrower State

MI

Borrower Zip

49503-4194

Loan Status Date

12/17/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

504962.00

Current Approval Amount

504962.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

122287

Servicing Lender Name

Mercantile Bank

Servicing Lender Address

310 Leonard St NW

Servicing Lender City

GRAND RAPIDS

Servicing Lender State

MI

Servicing Lender Zip

49504-4224

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

GRAND RAPIDS

Project County Name

KENT

Project State

MI

Project Zip

49503-4194

CD

MI-03

Jobs Reported

31

NAICS Code

524210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

6000.00

Payroll Proceed

446962.00

Mortgage Interest Proceed

0.00

Rent Proceed

24000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

28000.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

122287

Originating Lender

Mercantile Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

507977.94

Forgiveness Date

11/19/2020

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