# PPP loan: ADVANCE NOVELTY CO
> **$193K** approved 01/16/2021 · Paid in Full · Loan `1149938306`
## Borrower
- **Name:** ADVANCE NOVELTY CO
- **Address:** 29199 6 Mile Rd, Livonia, MI, 48152-3661
- **NAICS:** 532289
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $193K
- **Initial approval:** $193K
- **Forgiven:** $194K (101%)
- **Forgiveness date:** 10/06/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $192K
- **Utilities:** $1
- **Jobs reported:** 24
## Lender
- **Originating:** Chelsea State Bank
- **Servicing:** Chelsea State Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*